Crompton & Knowles Loom Works v. Brown
Appellate Terms of the Supreme Court of New York
Appeal from a determination of the General Term of the City Court of the city of New York, affirming a judgment based upon a verdict directed in favor of the plaintiff at the Trial Term.
1Opinion of the CourtLeventritt, J.
In January, 1898, the Eagle & Phoenix Silk Company purchased, machinery of the plaintiff, which agreed to receive the notes of the silk company, provided the defendant would guarantee their payment. The guaranty was executed and the notes were accepted. The notes having been dishonored, demand was made on the defendant for their payment, according to the terms of the guaranty, whereupon, at his' request, in substitution of his liability under the guaranty, the plaintiff accepted his three notes, maturing at different dates. When the first note fell due it was protested for non-payment. Suit…
2Cases cited6 opinions
- Pray v. . HegemanNew York Court of Appeals · 1885
- Reich v. . CochranNew York Court of Appeals · 1896
- Goebel v. . IfflaNew York Court of Appeals · 1888
- White v. . MerrittNew York Court of Appeals · 1852
- Kreizer v. AllaireAppellate Terms of the Supreme Court of New York · 1896
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3Cited by2 opinions
- Hankin v. SpilkerDistrict of Columbia Court of Appeals · 1950
- Heine v. Albin Gustafson Co.New York Supreme Court · 1983