Chase National Bank v. Chemical Corn Exchange Bank

On April 26,1954 plaintiff’s intestate, Gabriel Pascal, executed to the third-party defendant, Bita Allen, his note for $25,000, payable to her order two months after date, with interest. He did so in consideration of her delivering to him a check of defendant for $25,000, dated April 26, 1954, drawn by defendant upon itself, payable to his order. Defendant had drawn that check and delivered it to Mrs. Allen at her request and in consideration of its receipt of $25,000 from her — not pursuant to any agreement with Mr. Pascal or for any consideration received by it from him.

Mr. Pascal died…