Greele v. Parker
Court for the Trial of Impeachments and Correction of Errors
Error from the supreme court. Parker endorsed a bill of exchange for the accommodation of D. H. Stone, drawn by Stone on Greele for $2500, dated 11th February, 1827, payable four months after date; Parker was induced to become such endorser on being shewn by Stone a letter from Greele to him bearing date New-York, 9th February, 1827, in these words: “ I have received 42 bundles medium as you mentioned. The imperial I think will sell readily.
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Error from the supreme court. Parker endorsed a bill of exchange for the accommodation of D. H. Stone, drawn by Stone on Greele for $2500, dated 11th February, 1827, payable four months after date; Parker was induced to become such endorser on being shewn by Stone a letter from Greele to him bearing date New-York, 9th February, 1827, in these words: “ I have received 42 bundles medium as you mentioned. The imperial I think will sell readily. I have no objections' to accepting for you for 3 and 4 months for $2500, on the terms you propose. I hope our navigation will be free by 15th or 20th…
1Opinion of the Court
The following opinions were pronounced :
By the Chancellor.
It is a well settled rule of the commercial law of this country, and of most of the nations of Europe, except England, where it has recently been abolished by statute, that an unconditional promise in writing to accept a bill of exchange, if made within a reasonable lime before ór after the date of the bill, and describing the same in terms not to be mistaken, is a virtual acceptance thereof, in favor of any person to whom such promise has been shown, and who has received the bill for a valuable consideration on the faith of such…
2Cases cited3 opinions
- Coolidge v. PaysonSupreme Court of the United States · 1817
- Banorgee v. HoveyMassachusetts Supreme Judicial Court · 1809
- Read v. WilkinsonU.S. Circuit Court for the District of Pennsylvania · 1811
3Cited by11 opinions
- Southwick v. First National Bank of MemphisNew York Court of Appeals · 1881
- Bank v. Hay.Supreme Court of North Carolina · 1906
- Bissell v. LewisMichigan Supreme Court · 1857
- Exchange Bank of St. Louis v. RiceMassachusetts Supreme Judicial Court · 1867
- Wakefield v. GreenhoodCalifornia Supreme Court · 1866
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