Corn Exchange Bank v. American Dock & Trust Co.
New York Court of Appeals
Appeal from a judgment of the Appellate Division of the Supreme Court in the first judicial department, entered February 19, 1897, affirming a judgment in favor of plaintiff entered upon a verdict. The nature of the action and the facts, so far as material, are stated in the opinion.
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Appeal from a judgment of the Appellate Division of the Supreme Court in the first judicial department, entered February 19, 1897, affirming a judgment in favor of plaintiff entered upon a verdict. The nature of the action and the facts, so far as material, are stated in the opinion. The judgment should be reversed and a new trial granted, because improper evidence was admitted and left to the jury upon the question of the authority of Stone, the president of the defendant, to issue warehouse certificates to himself when he actually had cotton on deposit with the defendant. (M. L. Ins. Co. v.…
1Opinion of the CourtHaight, J.
This action was brought to recover the value of a quantity of cotton represented by warehouse receipts issued by the defendant to one Stone and by him transferred to the plaintiff as collateral security for a loan of five thousand dollars. The defense interposed was, in substance, to the effect that the warehouse receipts in question were issued by Stone, as president of the defendant, to himself, and that he did not have in storage with the defendant the cotton called for by the receipts, and that they were consequently false and fictitious. Upon the maturity of the note given to the…
2Cases cited3 opinions
- Hanover National Bank v. American Dock & Trust Co.New York Court of Appeals · 1896
- Bank of New York National Banking Ass'n v. American Dock & Trust Co.New York Court of Appeals · 1894
- Corn Exchange Bank v. American Dock & Trust Co.New York Court of Appeals · 1896
3Cited by8 opinions
- Procter & Gamble Distributing Co. v. Lawrence American Field Warehousing Corp.New York Court of Appeals · 1965
- Bank of New York v. Amoco Oil Co.Court of Appeals for the Second Circuit · 1994
- Union Bank & Trust Co. v. Long Pole Lumber Co.West Virginia Supreme Court · 1912
- In Re Ira Haupt & CompanyDistrict Court, S.D. New York · 1969
- Procter & Gamble Distributing Co. v. Lawrence American Field Warehousing Corp.Appellate Division of the Supreme Court of the State of New York · 1965
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