Leslie v. Bassett
The Superior Court of the City of New York and Buffalo
Exceptions from jury term. Action by Frank Leslie against George F. Bassett and another, on a bill of ■exchange accepted by the defendants, and transferred to the plaintiff before maturity.
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Exceptions from jury term. Action by Frank Leslie against George F. Bassett and another, on a bill of ■exchange accepted by the defendants, and transferred to the plaintiff before maturity. The circumstances leading to the acceptance and transfer are substantially as follows: The defendants, merchants, doing business in New York, were accustomed to make purchases of earthenware of the firm of Henry Alcock & Co., of Colridge, Staffordshire, England, with which firm they had a line of credit. They had also been doing business through the New York office of the American Exchange in Europe, as a…
1Opinion of the CourtMcAdam, J.
Independently of the question whether the plaintiff became-a bona fide holder of the acceptance within the meaning of Coddington v. Bay, 20 Johns. 637, and kindred cases,—a proposition not necessary to consider,—the verdict was properly directed for other reasons. First. The acceptance by the American Exchange of Alcock & Co.’s draft furnished a sufficient consideration for the acceptance in suit. Dome v., Sehutt, 2 Denio, 621; Wooster v. Jenkins, 3 Denio, 187; Bank v. Stebbins, 6 Duer, 341; Newman v. Frost, 52 N. Y. 422. Second. There was no understanding that the-specific moneys to be…
2Cases cited7 opinions
- Coddington v. BayCourt for the Trial of Impeachments and Correction of Errors · 1822
- Dowe v. SchuttNew York Supreme Court · 1846
- Bassett v. . LeslieNew York Court of Appeals · 1890
- Continental National Bank v. . TownsendNew York Court of Appeals · 1881
- Newman v. . FrostNew York Court of Appeals · 1873
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