Peyton-Du Pont Securities Co. v. Vesper Oil & Gas Co.

Rice, J.,

delivering the opinion of the Court:

Counsel for the defendant, in his argument, relied solely on the authority of the case of St. Joseph’s Polish Catholic Beneficial Society v. St. Hedwig’s Church, 3 Penn. 229, 50 A. 535.

In 1866 the Court of Errors and Appeals in the case of Canine v. Junction & Breakwater Railroad Co., 3 Houst. 288, 89 Am. Dec. 230, held that a note under seal for the payment of money, though in other respects like a promissory note, was not negotiable, and this continued to be the recognized law of this State until the passage of the Negotiable Instrument Act, § 6,…