General Electric Co. v. Nassau Electric Railroad
Appellate Division of the Supreme Court of the State of New York
Appeal from judgment on report of referee. Action by the General Electric Company against the Nassau Electric Railroad Company and another. From a judgment in favor of plaintiff on the report of a referee, defendants appeal.
1Opinion of the CourtHatch, J.
This action is brought to recover upon a promissory note for the sum of $17,500 and interest, executed by the defendant the Nassau Electric Railroad Company, and indorsed by the defendant Tom L. Johnson, payable to the order of the plaintiff. The note was originally given to secure the payment of the sum of $20,000, and, the same having fallen due according to its terms, payment of $2,500 was made thereon, and the present note was given for the balance remaining unpaid. The defense interposed by the answer sets up a lack of consideration moving from any party to either defendant. It appeared…
2Cases cited8 opinions
- Wahl v. . BarnumNew York Court of Appeals · 1889
- Rector, Etc. v. . TeedNew York Court of Appeals · 1890
- Marston v. . SwettNew York Court of Appeals · 1880
- Stewart v. AhrenfeldtNew York Supreme Court · 1847
- Sickles v. . HeroldNew York Court of Appeals · 1896
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