Weinreb v. Coleman Stable Co.
Appellate Terms of the Supreme Court of New York
Appeal by the plaintiffs from a judgment of the City Court of the city of Few York entered upon a verdict rendered in favor of the defendants and from an order denying a motion for a new trial.
1Opinion of the CourtLehman, J.
Plaintiffs are holders of two notes made by the Coleman. Stable Company, a corporation, and indorsed *536by John 'S. Coleman, Daniel J. Ooleman and Edward Coleman for the accommodation of the maker. The maker was apparently not served; the indorsers when sued pleaded usury and other defenses. 'Section 274: of the General Business Law is a re-enactment of chapter 172 of the Laws of 1850 and provides that no corporation shall hereafter interpose the defense of usury in any action. In the case of Stewart v. Bramhall, 74 N. Y. 85, it was held that “ Since the act of 1850, contracts of corporations…
2Cases cited2 opinions
- National Bank v. . LewisNew York Court of Appeals · 1878
- Stewart v. . BramhallNew York Court of Appeals · 1878
3Cited by1 opinion
- Cabrera v. OlsenNew York Supreme Court · 1937