Legal Opinion

Gillet v. . Bank of America

New York Court of Appeals

Decided November 21, 1899PublishedCited by 188 opinions

Appeal from an order of the Appellate Division of the Supreme Court in the first judicial department, entered November 9, 1897, sustaining exceptions ordered to be heard before that court in the first instance, a verdict having been directed by the Trial Term in favor of the plaintiff. . This action was brought to recover damages for the wrongful conversion, by defendant, of certain securities alleged to belong to the plaintiff.

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Appeal from an order of the Appellate Division of the Supreme Court in the first judicial department, entered November 9, 1897, sustaining exceptions ordered to be heard before that court in the first instance, a verdict having been directed by the Trial Term in favor of the plaintiff. . This action was brought to recover damages for the wrongful conversion, by defendant, of certain securities alleged to belong to the plaintiff. The facts, so far as material, are stated in the opinion. The note signed by Dan Talmage’s Sons, being in the printed form prepared and used by the Bank of America,…

1Opinion of the CourtMartin, J.

The plaintiff’s assignors constituted the firm of Dan Talmage’s Sons, and as such were customers of the defendant, which was engaged in the banking business in the city of New York. For a considerable time before the 22nd day of January, 1896, the defendant had not discounted any of the commercial paper of the assignors, although they had considerable outstanding. They had, however, kept their account at this bank for years. -On that day they procured a loan from the defendant of $35,000, executed a note therefor and delivered to it certain property and .securities to insure the payment of…

2Cases cited17 opinions

  1. &198tna National Bank v. . Fourth National BankNew York Court of Appeals · 1871
  2. Wheeler v. . NewbouldNew York Court of Appeals · 1857
  3. White v. . HoytNew York Court of Appeals · 1878
  4. Mynard v. Syracuse, Binghamton & New York RailroadNew York Court of Appeals · 1877
  5. Parshall v. . EggertNew York Court of Appeals · 1873

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3Cited by188 opinions

  1. Rentways, Inc. v. O'Neill Milk & Cream Co.New York Court of Appeals · 1955
  2. William C. Atwater & Co. v. Panama RailroadNew York Court of Appeals · 1927
  3. Metropolitan Life Insurance v. Noble Lowndes International, Inc.New York Court of Appeals · 1994
  4. Gins v. Mauser Plumbing Supply Co.Court of Appeals for the Second Circuit · 1945
  5. Moran v. . Standard Oil Co.New York Court of Appeals · 1914

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