Yeager v. Farwell
Supreme Court of the United States
Error to the Circuit Court for the District of Missouri, the case being thus: Yeager & Co., shippers of flour, in St. Louis, and intimately associated with one Kerckhoff, a miller of that place; who waá then building a mill, and needing $15,000 to complete it, wrote to Farwell & Co., flour commission merchants and capitalists, of Boston, intimate correspondents of their own, telling them what Kerckhoff was doing; that he wanted $15,000; that he would give security by trust…
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Error to the Circuit Court for the District of Missouri, the case being thus: Yeager & Co., shippers of flour, in St. Louis, and intimately associated with one Kerckhoff, a miller of that place; who waá then building a mill, and needing $15,000 to complete it, wrote to Farwell & Co., flour commission merchants and capitalists, of Boston, intimate correspondents of their own, telling them what Kerckhoff was doing; that he wanted $15,000; that he would give security by trust deed on a valuable farm near St. Louis; that the security was good, and urging them to lend him the amount, “for, say one…
1Opinion of the CourtJustice Davis
This case resolves itself into two points:
First. Were Yeager & Co. indorsers of the note in controversy.
Secondly. If so, were Farwell & Co. relieved from the necessity of proving on the trial that they demanded payment of the maker, and gave notice to the indorsers of the dishonor of the note.
It is very clear that Yeager & Co. were liable as indorsers, if they placed their names on the back of the note in question before Farwell & Co. closed the negotiations for the loan to Kerokhoff, or made any advances on it to him. And the condition of the parties is not altered by the fact that Yeager &…
2Cited by56 opinions
- Willie Ousley v. Comm'r of Soc. Sec.Court of Appeals for the Sixth Circuit · 2018
- State v. KingTennessee Supreme Court · 1986
- State v. JacksonSupreme Court of Louisiana · 1980
- State v. WileyArizona Supreme Court · 1985
- State v. CosgroveSupreme Court of Connecticut · 1980
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