Lee Bank v. Satterlee
The Superior Court of New York City
Appeal from a judgment. The action was brought by the President, Directors, and Company of the Lee Bank, plaintiffs, against George B. Satterlee, defendant, upon three bills of exchange drawn by one Pierre C. Kane, at Lenox, in Massachusetts, upon the defendant George B. Satterlee, and accepted by him. These bills were drawn payable to the order of Mrs. Edith Kane, by her husband, and were accepted by Mr. Satterlee after being thus drawn.
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Appeal from a judgment. The action was brought by the President, Directors, and Company of the Lee Bank, plaintiffs, against George B. Satterlee, defendant, upon three bills of exchange drawn by one Pierre C. Kane, at Lenox, in Massachusetts, upon the defendant George B. Satterlee, and accepted by him. These bills were drawn payable to the order of Mrs. Edith Kane, by her husband, and were accepted by Mr. Satterlee after being thus drawn. The bills were subsequently indorsed by Mr. Kane, and negotiated, and were afterwards discounted by the plaintiffs. The allegations of the complaint were as…
1Opinion of the CourtBarbour, J.
This action is brought by the indorser and holder, upon three bills of exchange, drawn in Massachusetts by Pierre C. Kane, upon the defendant, payable to the order of Edith Kane, the wife of the drawer, three, four, and six months after date, respectively, and indorsed by her, and duly accepted by the drawee before maturity.
The counsel for the defendant insists, that the drawing of a bill of exchange, and its delivery to the payee, constitute a contract between the drawer and drawee-, whereby the former becomes bound tb pay to tlie latter, or to his indorsees, the amount of such bill in case…
2Cases cited9 opinions
- Griffith v. ReedNew York Supreme Court · 1839
- Dorrance v. ScottSupreme Court of Pennsylvania · 1838
- Bank of the Commonwealth v. CurryCourt of Appeals of Kentucky · 1834
- Dillaye v. ParksNew York Supreme Court · 1860
- Williams v. DrexelCourt of Appeals of Maryland · 1860
4 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Dainese v. AllenThe Superior Court of New York City · 1873
- Carey v. CareyNew York Court of Common Pleas · 1872