Pease v. Dwight
Supreme Court of the United States
This case was brought up, by writ of error, from the Circuit Court of the United States for the District of. Michigan. On the 1st of January, 1837, the following promissory note was executed. Detroit, January .1, 1837. Two years from date I promise to pay to the order of Walter Chester and Pease, Chester; & Co. one thousand five hundred dollars, for value received, at' the Farmers and Mechanics’ Bank of Michigan, with interest. (Signed,) John Chester.
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This case was brought up, by writ of error, from the Circuit Court of the United States for the District of. Michigan. On the 1st of January, 1837, the following promissory note was executed. Detroit, January .1, 1837. Two years from date I promise to pay to the order of Walter Chester and Pease, Chester; & Co. one thousand five hundred dollars, for value received, at' the Farmers and Mechanics’ Bank of Michigan, with interest. (Signed,) John Chester. Indorsed by Pease, Chester, The firm of -Pease, Chester, & Co. was composed of William T. Pease (the plaintiff in error), John Chester, and…
1Opinion of the Court
Mr, Justice WAYNE
delivered the opinion of the court.
We think that the.only point presented by the-record in this case for the decision of the court was rightly ruled by the Circuit Court. .
That point is, whether a promissory note payable to.the order of several persons, one of. whom inceptively refused -to be a payee of it, and who was treated by the drawer and other payees, boih in the delivery of the note and in its negotiation, as no party and having no interest in it, can be transferred by the indorsement of the real payees, so as to give the ownership of it to the indorsee, and a right,…
2Cited by12 opinions
- Rector v. United StatesCourt of Appeals for the Eighth Circuit · 1927
- Maas v. LonstorfCourt of Appeals for the Sixth Circuit · 1908
- Ford Motor Co. v. Transport Indemnity Co.Court of Appeals for the Sixth Circuit · 1986
- Brooklyn Trust Co. v. . BulmerNew York Court of Appeals · 1872
- Rowe v. PutnamMassachusetts Supreme Judicial Court · 1881
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