Deraismes v. . the Merchants' Mutual Ins. Co.
New York Court of Appeals
The Merchants’ Mutual Insurance Company brought as sumpsit in the superior court of the city of New-York, against Deraismes & Boizard, upon a promissory note made by them, as follows: “ $2785,05. Nevv-York, December 4, 1844. Twelve months after date we promise to pay the Merchants’ Mutual Insurance Company, or order, for value received, twenty-seven hundred and eighty-five dollars and five cents. Deraismes & Boizard.”
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The Merchants’ Mutual Insurance Company brought as sumpsit in the superior court of the city of New-York, against Deraismes & Boizard, upon a promissory note made by them, as follows: “ $2785,05. Nevv-York, December 4, 1844. Twelve months after date we promise to pay the Merchants’ Mutual Insurance Company, or order, for value received, twenty-seven hundred and eighty-five dollars and five cents. Deraismes & Boizard.” This note "was given in renewal of a previous note for $3000, which was given for premiums. in advance on policies of insurance, intended to be received by the defendants from…
1Opinion of the CourtGray, J.
This is an action to recover from the plaintiff in error a note for $2785,05, executed to the Merchants' Mutual Insurance Company,- in renewal of a note for $8000, given by them to said company, pursuant to the provisions of the twelfth section of the act of incorporation of said company, passed April 10, 1843. (See Sess. Laws of 1843, ch. 95, p. 73.) The second section of the act provides that after having received approved applications for insurance to the amount of $500,000, the premiums on which shall have been actually paid in or secured to be paid, the company may be organized and…
2Cited by3 opinions
- Raegener v. . HubbardNew York Court of Appeals · 1901
- Hope Mutual Life Insurance v. PerkinsThe Superior Court of New York City · 1867
- Raegener v. MedicusAppellate Division of the Supreme Court of the State of New York · 1901