Little v. Derby

Campbell J.:

It appears from the case reserved, that one R. H. Monroe deposited with the plaintiffs an altered draft for $800, upon which they advanced him four hundred dollars, and for*327warded it to New York for collection. After it was forwarded, • Monroe sold the certificate which plaintiffs gave him of the deposit of the draft,- to Derby, the cLeffendant-, who paid for it four hundred dollars in cash and goods. Before making the purchase, Derby asked plaintiffs if the amoupt remaining unpaid upon the certificate would be paid by plaintiffs, and was informed that they had forwarded the draft…