Legal Opinion
Hanlon v. Union Bank of Medina
New York Court of Appeals
Decided February 14, 1928PublishedCited by 16 opinions
1Opinion of the CourtAndrews, J.
In December, 1925, the Union Bank of Medina held some eleven notes aggregating more than $21,000 of Francis E. Hanlon, some of which were indorsed by others. Among them was one payable on demand for $3,500 made by the plaintiff and Hanlon and indorsed by one Walsh. Of this note the plaintiff was an accommodation maker as the bank knew. It also held a mortgage for $14,000 given by Hanlon as continuing collateral security to secure his past and future indebtedness.
During that month Hanlon became a bankrupt. The bank then recovered a judgment against the plaintiff for the face of the $3,500 and…
2Cases cited2 opinions
- Orleans County National Bank v. MooreNew York Court of Appeals · 1889
- McGrath v. . Carnegie Trust Co.New York Court of Appeals · 1917
3Cited by16 opinions
- Winkelmann v. Excelsior InsuranceNew York Court of Appeals · 1995
- Federal Insurance v. Arthur Andersen & Co.New York Court of Appeals · 1990
- Delbrueck & Co. v. Manufacturers Hanover Trust CompanyCourt of Appeals for the Second Circuit · 1979
- Pandora Industries, Inc. v. Paramount Communications Inc. (In Re Wingspread Corp.)District Court, S.D. New York · 1992
- First National City Bank v. KlineDistrict Court, S.D. New York · 1977
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