Legal Opinion
Cable & Wireless, Ltd. v. Yokohama Specie Bank, Ltd.
New York Supreme Court
Decided March 24, 1948PublishedCited by 6 opinions
1Opinion of the CourtWalter, J.
On or about September 29, 1941, Yokohama Specie Bank, Limited, a Japanese corporation having an agency in New York, drew, at Tokyo, a bill of exchange addressed to itself in New York whereby it directed its New York agency to pay to the order of The Chairman, Cable & Wireless, Ltd., $101,386.89 on demand. The draft was sent by mail to plaintiff, a British corporation, in England and was indorsed by plaintiff’s chairman, and plaintiff is the holder thereof.
On December 8,1941, before the draft was presented for payment, the Superintendent of Banks of the State of New York took possession of the…
2Cases cited46 opinions
- Hawks v. HamillSupreme Court of the United States · 1933
- Dougherty v. Equitable Life Assurance Society of United StatesNew York Court of Appeals · 1934
- People v. . American Loan Trust Co.New York Court of Appeals · 1902
- Sokoloff v. National City BankNew York Court of Appeals · 1928
- Drinkall v. Movius State BankNorth Dakota Supreme Court · 1901
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3Cited by6 opinions
- People v. Mercer Hicks Corp.New York Supreme Court · 1956
- Lialios v. HOME INSURANCE COS.Appellate Court of Illinois · 1980
- Tagawa v. KarimotoHawaii Supreme Court · 1958
- Chase National Bank v. Chemical Corn Exchange BankNew York Supreme Court · 1955
- Wachovia B. & T. Co. v. American Bank. Ins. Co. of Fla.Supreme Court of North Carolina · 1966
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