Legal Opinion
Canal-Commercial Trust & Savings Bank v. New Orleans, T. & M. Ry. Co.
Supreme Court of Louisiana
Decided June 28, 1926No. 26794PublishedCited by 6 opinions
1Opinion of the CourtO’Niell, C. J.
The question in this case is whether a pledgee of .a negotiable bill of lading, pledged as collateral security for a loan, annuls the pledge and loses his lien on the goods if he returns the bill of lading to the pledgor, temporarily, on a trust receipt.
The facts of the ease are not disputed. The International Trading & Rice Corporation sold to Bishop C. Perkins Company, through a broker, in New Orleans, a carload of sugar, being 600 pockets of 100 pounds each, at $7.90 per 100 pounds, less 2 per cent. 10-days discount. The American Sugar Refining Company shipped the sugar, on the order and…
2Cases cited12 opinions
- Casey v. CavarocSupreme Court of the United States · 1878
- Clark v. IselinSupreme Court of the United States · 1875
- Commercial National Bank v. Canal-Louisiana Bank & Trust Co.Supreme Court of the United States · 1916
- White & Williams v. PlattNew York Supreme Court · 1848
- Conger v. City of New OrleansSupreme Court of Louisiana · 1880
7 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Chrysler Credit Corporation v. Perry Chrysler Plymouth, Inc., and Julian I. PerryCourt of Appeals for the Fifth Circuit · 1986
- Chrysler Credit Corp. v. Whitney National BankDistrict Court, E.D. Louisiana · 1992
- In Re Canal Bank & Trust Co.Supreme Court of Louisiana · 1937
- General Motors Acceptance Corp. v. Greene County Union BankCourt of Appeals of Tennessee · 1936
- General Motors Acceptance Corp. v. Greene County Union BankCourt of Appeals of Tennessee · 1936
1 more not listed; retrieve them via the Exa API.