Lord v. Ocean Bank
Supreme Court of Pennsylvania
Error to the District Court, Philadelphia. This was au action of assumpsit by the Ocean Bank of the City of New York v. William H. Lord and J. H. Grill, trading as the firm of William H. Lord & Co., upon a promissory note in the following words, viz.: Philadelphia, June 2, 1851. $716.56. Six months after date we promise to pay to the order of Daniel Adee, seven hundred and sixteen dollars and fifty-six cents, without defalcation, for value received. Signed, Wm.
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Error to the District Court, Philadelphia. This was au action of assumpsit by the Ocean Bank of the City of New York v. William H. Lord and J. H. Grill, trading as the firm of William H. Lord & Co., upon a promissory note in the following words, viz.: Philadelphia, June 2, 1851. $716.56. Six months after date we promise to pay to the order of Daniel Adee, seven hundred and sixteen dollars and fifty-six cents, without defalcation, for value received. Signed, Wm. H. Lord & Co. Endorsed, Daniel Adee. The summons was issued on the 3d of January, 1852, returnable on the first Monday of January,…
1Opinion of the Court
The opinion of the Court was delivered by
Black, C. J.
This suit was on a promissory note made by W. H. Lord & Co. payable to the order of Daniel Adee. The makers received no consideration from the payee. The note was made solely for his accommodation. He endorsed it to the Ocean Bank as collateral security for a note of his own which had' been previously discounted there. These facts vrere stated in an affidavit of defence, but the District Court gave judgment for the plaintiff, being of opinion that if proved they would be insufficient.
It has been ruled in several cases, that one to whom a…
2Cases cited2 opinions
- Depeau v. WaddingtonSupreme Court of Pennsylvania · 1841
- Walker v. GeisseSupreme Court of Pennsylvania · 1839
3Cited by19 opinions
- Dow v. LillieNorth Dakota Supreme Court · 1914
- Chestnut Street Trust & Saving Fund Co. v. HartSupreme Court of Pennsylvania · 1907
- Commonwealth ex rel. Snyder v. SnyderSuperior Court of Pennsylvania · 1896
- Penn Safe Deposit & Trust Co. v. KennedySupreme Court of Pennsylvania · 1896
- Altoona Second National Bank v. DunnSupreme Court of Pennsylvania · 1892
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