Gleason v. Thayer
Supreme Court of Connecticut
Action against the payee and accommodation indorser of a negotiable promissory note, brought to and tried by the Superior Court in New London County, Ralph Wheeler, J.; facts found and judgment rendered for the plaintiff for $1,540, and appeal by the defendant. No error.
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Action against the payee and accommodation indorser of a negotiable promissory note, brought to and tried by the Superior Court in New London County, Ralph Wheeler, J.; facts found and judgment rendered for the plaintiff for $1,540, and appeal by the defendant. No error. One Hendrick made at Norwich, Connecticut, to the defendant, as payee, the promissory note in suit, payable at the Columbia Trust Company in New York City, and the defendant indorsed the note for the accommodation of Hendrick; subsequently the plaintiff became and still is its owner for value, and, before it became due,…
1Opinion of the CourtWheeler, J.
The defendant objects to the finding, in terms or effect, that the Whaling and Park banks were holders of this note, and to the refusal to find that they were agents.
These banks received the note for collection; from that relation they became, in law, agents of the owner and holders of the note. The finding that they were holders is a necessary inference from the facts proven, and their agency for the owner is a necessary conclusion of law, and whether it is in the finding or not is immaterial. . “Such agents are recognized in the law as ‘holders for collection.’ ” Bartlett v. Isbell, 31…
2Cases cited7 opinions
- East-Haddam Bank v. ScovilSupreme Court of Connecticut · 1837
- City Savings Bank v. HopsonSupreme Court of Connecticut · 1885
- Spencer v. . BallouNew York Court of Appeals · 1858
- Wolford v. AndrewsSupreme Court of Minnesota · 1882
- Bartlett v. IsbellSupreme Court of Connecticut · 1863
2 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Klein v. MunsonSupreme Court of Connecticut · 1930
- News Publishing Co. v. Denison-Pratt Paper Co.West Virginia Supreme Court · 1923
- Simon v. Peoples Bank & Trust Co.Supreme Court of New Jersey · 1936
- Blue Ribbon Garage, Inc. v. BaldwinSupreme Court of Connecticut · 1917
- Axinn & Sons Lumber Co. v. Meadow Brook National BankNew York Supreme Court · 1959
2 more not listed; retrieve them via the Exa API.