Fox v. Rural Home Co.
New York Supreme Court
Action by Richard K. Fox against the Rural Home Company, Limited. A verdict was rendered in favor of plaintiff, and defendant moves for a new trial on exceptions ordered to be heard at general term in the first instance. Granted.
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Action by Richard K. Fox against the Rural Home Company, Limited. A verdict was rendered in favor of plaintiff, and defendant moves for a new trial on exceptions ordered to be heard at general term in the first instance. Granted. This action was begun April 21, 1893, to recover the amount due on a promissory note made December 9, 1892, by Arthur G. Gates, whereby he promised to pay H. H. Warner, or order, $5,000, at the Gallatin National Bank of New York, four months after date, which, December 23, 1893, was indorsed by the payee and by the defendant in the form following: “The Rural Home…
1Opinion of the CourtFollett, J.
It is unfortunate that the record does not disclose under what statute and for what purpose this defendant, a domestic corporation, was incorporated, for it would have enabled the court to deal with known facts, instead of resting its decision on presumptions. So far as we know, no corporations organized under the statutes of this state are authorized to bind the property of their shareholders by accommodation indorsements, except corporations organized under the statutes providing for the incorporation of guaranty and indemnity companies; and we know of no statute authorizing such…
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- National Park Bank v. German-American Mutual Warehousing & Security Co.New York Court of Appeals · 1889
- The Bank of Genesee v. . the Patchin BankNew York Court of Appeals · 1855
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