McCollum v. Cushing
Supreme Court of Arkansas
Appeal from Ouachita Circuit Court. Hon. Len B. Green, Circuit Judge. It is well settled that a party, giving a letter of credit, or a guaranty, Ras a right to know, by notice in a reasonable time, whether it is accepted, or acted upon, and the amount of goods or credit given on the faith of it. Reynolds vs. Douglas, 7 Pet. 125; Russell vs. Clarke’s exrs., 7 Cranc/i. 69; Edmondson vs. Drake, 5 Peters 624; Oxley vs. Young, 2 H. Bl. 613; Peel vs. TatlocJc, 1 Ros.
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Appeal from Ouachita Circuit Court. Hon. Len B. Green, Circuit Judge. It is well settled that a party, giving a letter of credit, or a guaranty, Ras a right to know, by notice in a reasonable time, whether it is accepted, or acted upon, and the amount of goods or credit given on the faith of it. Reynolds vs. Douglas, 7 Pet. 125; Russell vs. Clarke’s exrs., 7 Cranc/i. 69; Edmondson vs. Drake, 5 Peters 624; Oxley vs. Young, 2 H. Bl. 613; Peel vs. TatlocJc, 1 Ros. Sf Pull. 419; Cunningham vs. Jones, 12 Peters 207; Crafts vs. Isham, 13 Con. R, 28; Mussey vs. Rayner, 22 Pick. R. 233; Lawson vs.…
1Opinion of the CourtChief Justice English
This suit was founded on the following letter of guarantee:
“ Camden, Ames., 6th October, 1857.
Messrs. Cushing, King & De Graw:
Gents — -'We take pleasure in introducing to your acquaintance, Mrs. Hitchcock, a lady of this place, who visits New York for the purpose of purchasing a small stock of goods in the millinery line. Should she wish to purchase; a part of her bill on time, we would say that she would meet the bills promptly, and that we will guarantee for her to the extent of five hundred dollars, to be paid in six months. Mrs. II. has resided here for the last year, and her business has…
2Cases cited1 opinion
- Douglass and Others v. Reynolds and OthersSupreme Court of the United States · 1833
3Cited by6 opinions
- National Bank v. HallSupreme Court of the United States · 1880
- Milroy v. QuinnIndiana Supreme Court · 1879
- German Savings Bank v. Drake Roofing Co.Supreme Court of Iowa · 1900
- Newman v. Streator Coal Co.Appellate Court of Illinois · 1886
- Falls City Construction Co. v. BoardmanSupreme Court of Arkansas · 1914
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