Griggs v. Howe
New York Supreme Court
APPEAL from a judgment entered at a special term. The action was brought against the defendants (partners under the natne of O. B. Howe & Co.) as acceptors of two several bills of exchange, drawn by H. L. Webb, dated June 9 th, 1855, for $1250 each, payable at the Horth River Bank, at two and three months from date.
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APPEAL from a judgment entered at a special term. The action was brought against the defendants (partners under the natne of O. B. Howe & Co.) as acceptors of two several bills of exchange, drawn by H. L. Webb, dated June 9 th, 1855, for $1250 each, payable at the Horth River Bank, at two and three months from date. The defendants, survivors of Herrick, answered separately, presenting the following points: 1. That O. B. Howe accepted the drafts in the name of the firm, as accommodation acceptors, without the consent or knowledge of the other defendants. 2. That they were accepted with the.sum…
1Opinion of the Court
By the Court, Brown, J.
Upon the trial of this action the jury found specially, as a fact in the case, that the drafts which were the subject of the action were not accepted by O. B. Howe & Go., the defendants, for the accommodation of Henry L. Webb, the drawer, merely, but were accepted for the purpose of taking up negotiable paper, on which the names of O. B. Howe & Go. were outstanding as indorsees or acceptors; such paper having been negotiated by them. All question therefore upon this appeal as to the character of the paper is put at rest by this finding of the jury.
The drafts were…
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- Nazro v. FullerNew York Supreme Court · 1840
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