Alabama Grocery Co. v. 1st National Bank
Supreme Court of Alabama
Appeal from Madison Circuit Court. Heard before Hon. D. W. Speaks. Assumpsit by the 1st National Bank of Ensley against tbe Alabama Grocery Company, on a bill of exchange. From a judgment for plaintiff defendant appeals.
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Appeal from Madison Circuit Court. Heard before Hon. D. W. Speaks. Assumpsit by the 1st National Bank of Ensley against tbe Alabama Grocery Company, on a bill of exchange. From a judgment for plaintiff defendant appeals. A corporation has no authority to endorse commercial paper for the accommodation of another unless such authority is conferred by the charter. — Chambers v. Faulkner, 65 Ala. 448; Steiner v. Steiner L. Co., 120 Ala. 128; S. B. & L. Asso. v. Cassa Grand Theatre Co., 128 Ala. 624. The court erred in its rulings on the pleadings under the facts in this case. — Noble v. Walker,…
1Opinion of the CourtHaralson, J.
Action on bill of exchange drawn by Steel City Produce Company on Alabama Grocery Company, payable to First National Bank of Ensley (plaintiff) and accepted by Alabama Grocery Company (defendant).
The defendant in the court below (appellant here) filed three special pleas, numbered 2, 3 and 4, setting up that it was a corporation, that the acceptance of the bill by it was for the accommodation of the drawee, and that such acceptance was ultra vires; and, further, that *145there was no consideration for the acceptance. To these special pleas, the plaintiff (the bank), in addition to the general…
2Cases cited7 opinions
- Dresser v. Missouri & Iowa Railway Construction Co.Supreme Court of the United States · 1876
- Manufacturers' National Bank of Racine v. NewellWisconsin Supreme Court · 1888
- First National Bank v. NelsonSupreme Court of Alabama · 1894
- Dougherty Bros. & Co. v. Central National BankSupreme Court of Pennsylvania · 1880
- Lancaster County National Bank v. HuverSupreme Court of Pennsylvania · 1886
2 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Citizens Nat. Bank v. BuckheitAlabama Court of Appeals · 1916
- Elmore County Bank v. AvantSupreme Court of Alabama · 1914
- Tatum v. Commercial Bank & Trust Co.Supreme Court of Alabama · 1914
- German-American National Bank v. LewisAlabama Court of Appeals · 1913
- Armstrong v. WalkerSupreme Court of Alabama · 1917
11 more not listed; retrieve them via the Exa API.