Brush v. Administrators of Reeves
New York Supreme Court
THE plaintiff declared on a promissory note, given by one Spring to Reeves, the intestate, and payable to him or bearer. The note was indorsed over by Reeves, and the present suit was brought by the indorsee against his administrators. There was a general demurrer to the declaration, which was in the usual form against the indorser. objected that the deelaration ought to have been special.
1Per curiam
The note was negotiable under the statute, and transferable without indorsement; but if the payee chose to put his name on the back, he became as much bound as an indorser, as if the note had been made payable to him or order.
*440It was ruled by Chief Justice Holt, in the case of The Bank of England v. Newman, (1 Lord Raym. 442.) that if a person indorses a bill payable to beater, he becomes a new security, and is liable on the indorsement. The declaration at least is good on a special demurrer. But the defendant may withdraw the demurrer, on payment of costs, and pleading forthwith.
Judgment for…
2Cited by3 opinions
- Moies v. BirdMassachusetts Supreme Judicial Court · 1814
- Allwood v. HaseldonCourt of Appeals of South Carolina · 1831
- The Johns HopkinsU.S. Circuit Court for the District of Massachusetts · 1882