Lee v. Field
New Mexico Supreme Court
Appeal, from a judgment for plaintiff, from tbe Second Judicial District Court, Bernalillo County. Tbe facts are stated in tbe opinion of tbe court. The appellants, Lee and Weaver, having signed the note-as accomodation makers at the request of the AlburquerqueNational Bank and for its benefit, it became primary obligor,, and payment of the note by said bank cancels the same. Tied.. on Com. Paper, sec. 376. The bank paid the note, it did not purchase it. Danl. Neg.
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Appeal, from a judgment for plaintiff, from tbe Second Judicial District Court, Bernalillo County. Tbe facts are stated in tbe opinion of tbe court. The appellants, Lee and Weaver, having signed the note-as accomodation makers at the request of the AlburquerqueNational Bank and for its benefit, it became primary obligor,, and payment of the note by said bank cancels the same. Tied.. on Com. Paper, sec. 376. The bank paid the note, it did not purchase it. Danl. Neg. Insts., sec. 1221; Tied, on Com. Papier, sec. 371. The Savings Bank was not an innocent purchaser of said note, but had full…
1Opinion of the Court
PARKER, L.
This is an action of assumpsit brought by appellee as receiver of the New Mexico Savings Bank & Trust Company, to recover on a note for twenty-five hundred dollars, signed by J. A. Johnson, as maker and by appellants as accommodation makers. The note was payable to one Emma J. Harris, and by her discounted to the Bank of Commerce, who presented it at the Albuquerque National Bank, where it was payable, at maturity, January 27, 1892, and received the money due on it. On February 19, 1892, the Albuquerque National Bank sold and delivered the note, which it had until that time carried…
2Cases cited7 opinions
- Moran v. AbbeyCalifornia Supreme Court · 1883
- Binford v. AdamsIndiana Supreme Court · 1885
- Lancey v. . ClarkNew York Court of Appeals · 1876
- Pearce v. Bryant Coal Co.Illinois Supreme Court · 1887
- Day v. HumphreyIllinois Supreme Court · 1875
2 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- State v. [Edward James] TapiaNew Mexico Court of Appeals · 2015