Michigan Bank v. Eldred
Supreme Court of the United States
Error to the Circuit Court for Wisconsin, the case being this: The Michigan Insurance Bank brought suit against An-son Eldred, Wm. Balcom, and Elisha Eldred, composing the firm of Eldreds & Balcom, as indorsers of a promissory note dated Juue 12th, 1861, given by one E. E. Eldred, and the body and signature of which were in bis handwriting.
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Error to the Circuit Court for Wisconsin, the case being this: The Michigan Insurance Bank brought suit against An-son Eldred, Wm. Balcom, and Elisha Eldred, composing the firm of Eldreds & Balcom, as indorsers of a promissory note dated Juue 12th, 1861, given by one E. E. Eldred, and the body and signature of which were in bis handwriting. The summons was served upon Anson Eldred, the only defendant residing within the District of Wisconsin, and the only one who appeared in the cause. The execution of the note, its indorsement by Elisha Eldred, one of the firm of Eldreds & Balcom, with the…
1Opinion of the CourtJustice Clifford
stated the case, and delivered the - opinion of the court.
Promissory notes, given for the payment of money, without any condition or contingency, and payable to order or bearer, are as much commercial instruments as bills of exchange, and the title to the same, and their transfer from one person to another, are governed and regulated by the same rules of commercial law.
Authorities may be found where it is held that it is not essential to the character of a promissory note or bill of exchange that it should be negotiable, and that other words besides the words “or order,” or the words “or…
2Cases cited1 opinion
- Rice v. IshamNew York Court of Appeals · 1863
3Cited by30 opinions
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- Railroad Company v. HoustonSupreme Court of the United States · 1878
- Marquez v. FrisbieSupreme Court of the United States · 1879
- Meguire v. CorwineSupreme Court of the United States · 1880
- McMechen v. McMechenWest Virginia Supreme Court · 1881
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