Credit Co. v. Howe Machine Co.
Supreme Court of Connecticut
Action upon four acceptances; brought to the Superior Court in Fairfield County. The case was referred to a committee by whom the following facts were found :— On the 16th day of March, 1877, A. B. Stockwell drew upon the Howe Machine Company, the defendant, four drafts, viz.: One for $10,000 gold; one other for $10,000 gold; one other for $10,000 gold; and one other for $15,000 gold. All the drafts were made payable at ninety days’ sight.
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Action upon four acceptances; brought to the Superior Court in Fairfield County. The case was referred to a committee by whom the following facts were found :— On the 16th day of March, 1877, A. B. Stockwell drew upon the Howe Machine Company, the defendant, four drafts, viz.: One for $10,000 gold; one other for $10,000 gold; one other for $10,000 gold; and one other for $15,000 gold. All the drafts were made payable at ninety days’ sight. All of them were addressed to the Howe Machine Company, 28 Union Square, New York, and all were, on April 21st, 1877, accepted as of April 7th, 1877, by…
1Opinion of the CourtCarpenter, J.
(After stating the facts.) As this case was commenced before the practice act went into operation the pleadings are under the old practice. The defendant denies the matters alleged in the declaration, and gives notice, in substance, that it will prove that the treasurer of the defendant corporation was not authorized to accept these drafts, that the drafts being solely for the accommodation of the drawer the company itself under its charter and by-laws had no power to accept them, and that the plaintiff is not a bond fide holder for value.
The defendant’s notice alleges that these bills were…
2Cases cited3 opinions
- Swift v. TysonSupreme Court of the United States · 1842
- Brush v. ScribnerSupreme Court of Connecticut · 1836
- Arpin v. OwensMassachusetts Supreme Judicial Court · 1885
3Cited by16 opinions
- Black v. Bank of WestminsterCourt of Appeals of Maryland · 1903
- Hollywyle Assn., Inc. v. HollisterSupreme Court of Connecticut · 1973
- Farmers' Nat. Bank v. Sutton Manuf'g Co.Court of Appeals for the Sixth Circuit · 1892
- Knapp v. Tidewater Coal Co.Supreme Court of Connecticut · 1912
- Adams v. Herald Publishing Co.Supreme Court of Connecticut · 1909
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