Jones v. Seaman
Appellate Division of the Supreme Court of the State of New York
Appeal by the .plaintiff, William C. Jones, 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 11th day of June, 1903, upon the verdict of the jury rendered by direction of the court after a trial at the Kings County Trial Term.
1Opinion of the Court
Woodward, J.:
There is no substantial dispute as to the facts in this case. The plaintiff owned 100 shares of the stock of the Berliner Gramophone Company. He borrowed, as he claims, $1,000 of the defendant Seaman, giving his. note for the same, depositing the gramophone company stock as security for the payment of the loan. The defendant’s version is that he bought the stock, giving the plaintiff an option to repurchase the same at a future date, but the truth seems to be that the transaction in spirit was that the defendant Seaman held the stock as collateral to the plaintiff’s note, and it…
2Cases cited4 opinions
- Thompson v. St. Nicholas National BankNew York Court of Appeals · 1889
- Lewis v. . MottNew York Court of Appeals · 1867
- Hall v. . RobinsonNew York Court of Appeals · 1849
- Byrne v. WeidenfeldAppellate Division of the Supreme Court of the State of New York · 1906
3Cited by5 opinions
- Hook v. CraryNorth Dakota Supreme Court · 1966
- Danches v. PariserAppellate Terms of the Supreme Court of New York · 1914
- Hook v. CraryNorth Dakota Supreme Court · 1966
- Jones v. SeamanAppellate Division of the Supreme Court of the State of New York · 1910
- Limpert v. Midcity Realty Co.Appellate Division of the Supreme Court of the State of New York · 1952