Legal Opinion

Williams v. Frank Levy, Inc.

City of New York Municipal Court

Decided January 13, 1915Published

Action by Christopher L. Williams, as receiver of the First National Bank of Bayonne, against Frank Levy, Incorporated, and another. Motion to discontinue as to defendant Frank Levy, a natural person, conditionally granted.

1Opinion of the CourtAllen, J.

This action was commenced by the plaintiff, as the receiver of the First National Bank of Bayonne, to recover upon a promissory note made by the defendant Frank Levy, Incorporated, and indorsed by the defendant Frank Levy, a natural person, and by him discounted at the bank and held by it at the time of its insolvency. At the time of the appointment of the receiver the defendant Frank Levy had on deposit an amount in excess of .the amount of the note, and he in his answer asked to have this credit balance set off against his liability as indorser upon the note. Having become satisfied that…

2Cases cited9 opinions

  1. Scott v. ArmstrongSupreme Court of the United States · 1892
  2. De Barante v. . DeyermandNew York Court of Appeals · 1869
  3. Yardley v. ClothierCourt of Appeals for the Third Circuit · 1892
  4. Building Engineering Co. v. . Northern BankNew York Court of Appeals · 1912
  5. Yardley v. ClothierU.S. Circuit Court for the District of Eastern Pennsylvania · 1892

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