General Electric Co. v. Nassau Electric Railroad
Appellate Division of the Supreme Court of the State of New York
. Appeal by the defendants, the Nassau Electric Railroad Company and another, from a judgment of the Supreme Court in favor of the plaintiff, entered in the office of the cleric of the county of Kings on the 8tli day of August, 11898, upon the report of á referee.
1Opinion of the Court
Hatch, J.:
This action is brought to recover upon a promissory note for the sum of $17,500 and interest, executed by the defendant the Nassau Electric Railroad Company and. indorsed by the defendant Tóm L. *511'Johnson, payable to the order of the plaintiff. The note was originally given to secure the payment of the sum of $20,000, and the same having fallen due according to its terms, payment of $2,500 was made thereon, and the present note was given for the balance remaining unpaid.
The defense interposed by the answer sets up a lack of consideration moving from any party to either defendant. It…
2Cases cited7 opinions
- Wahl v. . BarnumNew York Court of Appeals · 1889
- Rector, Etc. v. . TeedNew York Court of Appeals · 1890
- Marston v. . SwettNew York Court of Appeals · 1880
- Stewart v. AhrenfeldtNew York Supreme Court · 1847
- Sickles v. . HeroldNew York Court of Appeals · 1896
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3Cited by2 opinions
- Jackson v. VolkeningAppellate Division of the Supreme Court of the State of New York · 1903
- National Union Bank of Monticello v. BakerNew York Supreme Court · 1931