Woolley v. Louisville Banking Co.
Court of Appeals of Kentucky
Case 82 — PRACTICE APPEAL PROM LOUISVILLE CHANCERY COURT. _A bill of exchange endorsed by the payee to the acceptor, after acceptance extinguishes the hill as regards the drawer. (Long v. Bank of Cynthiana, 1 Litt., 290; 4 Ark., 546; 2 Barn & Cress, 483; 7 Wait’s Acs. and Defs., 36; Smith Cont., 92; 1 Wm. S. Sander, 211; Smith & Pah, 15 B. Mon., 445; Emmons v. Overtoil, 18 lb., 650; 50 ÍT. Y., 158; 25' L. I., see. 4, chap. 244; Daniel Neg. Insts., sec. 480; 36 Eng.
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Case 82 — PRACTICE APPEAL PROM LOUISVILLE CHANCERY COURT. _A bill of exchange endorsed by the payee to the acceptor, after acceptance extinguishes the hill as regards the drawer. (Long v. Bank of Cynthiana, 1 Litt., 290; 4 Ark., 546; 2 Barn & Cress, 483; 7 Wait’s Acs. and Defs., 36; Smith Cont., 92; 1 Wm. S. Sander, 211; Smith & Pah, 15 B. Mon., 445; Emmons v. Overtoil, 18 lb., 650; 50 ÍT. Y., 158; 25' L. I., see. 4, chap. 244; Daniel Neg. Insts., sec. 480; 36 Eng. Law and Eq., 562; 6 Ala., 852; 40 Pa. St., 180; Story on Bills, sec. 223; Robinson v. Offutt, 7 Mon., 551; Ray v. King, 3 B.…
1Opinion of the Court
JUDGE PRYOR
delivered the opinion of the court.
The Louisville Banking Company (appellee) instituted an action in equity against R. W. Woolley, Jas. C. Johnston, and Johnston and McDonald, on a bill of exchange for $1,200, due and payable in ninety days from the 15th of September, 1877. The bill was drawn by Woolley and accepted by Jas. C. Johnston, and then endorsed by Johnston and McDonald to Jas. C. Johnston. The object of the bill was'to enable Jas. C. Johnston to raise money, or rather to renew certain paper to the banking company upon which Woolley was then liable as surety or endorser of…
2Cited by6 opinions
- Baisley v. BaisleySupreme Court of Missouri · 1893
- Thomas v. BlandCourt of Appeals of Kentucky · 1890
- National Bank of Kentucky v. GallagherCourt of Appeals of Kentucky (pre-1976) · 1932
- First National Bank v. MattinglyCourt of Appeals of Kentucky · 1892
- Miles v. United Oil Co.Court of Appeals of Kentucky · 1924
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