Hopper v. . Sage
New York Court of Appeals
Appeal from judgment of the General Term of the Superior Court of the city of Hew York in favor of plaintiff, entered upon an order made the first Monday of June, 1887, which overruled defendant’s exceptions and directed judgment upon a verdict. The action was brought to recover damages for alleged breach of contract.
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Appeal from judgment of the General Term of the Superior Court of the city of Hew York in favor of plaintiff, entered upon an order made the first Monday of June, 1887, which overruled defendant’s exceptions and directed judgment upon a verdict. The action was brought to recover damages for alleged breach of contract. On the 23d of May, 1878, the defendant for a valid consideration made an agreement with the plaintiff’s decedent, of which the following is a copy: “A. 3099 Hew York, Ma/y 23, 1878. “ For value received, the bearer may deliver me, on one day’s notice, except last day, when…
1Opinion of the CourtPeckham, J.
The only question in this case is as to whether the defendant was entitled to insist upon his claim to the dividend on the common stock of the railway which had been declared on the 16th of May and was payable on the 27th of June 1878. It has been held a number of times in this court that when a dividend is declared it belongs to the owner of the stock at that time, but that until such declaration the profits form part of the assets, and an assignment by a stockholder before such declaration carries with it his proportional share of the assets, including all undeclared dividends. This is so…
2Cases cited2 opinions
- Walls v. . BaileyNew York Court of Appeals · 1872
- Boardman v. Lake Shore & Michigan Southern Railway Co.New York Court of Appeals · 1881
3Cited by66 opinions
- STATE BY PARSONS v. Standard Oil Co.Supreme Court of New Jersey · 1950
- Division of the Triple T Service, Inc. v. Mobil Oil Corp.Appellate Division of the Supreme Court of the State of New York · 1969
- Stuart v. SargentMassachusetts Supreme Judicial Court · 1933
- United States v. GuinzburgCourt of Appeals for the Second Circuit · 1921
- Russell v. BooksNew York Supreme Court · 1959
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