Cronise v. Kellogg
Illinois Supreme Court
This was an action of assumpsit, brought in the La Salle County Court, at the December term, A. D. 1857, by appellee against appellant, on his acceptance of an inland bill of exchange, which purported to have been drawn at thirty days, for $500, by one Thomas M. Hobbs, in favor of appellee, and directed to and accepted by appellant. The declaration contained a special count on the acceptance, and the common counts.
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This was an action of assumpsit, brought in the La Salle County Court, at the December term, A. D. 1857, by appellee against appellant, on his acceptance of an inland bill of exchange, which purported to have been drawn at thirty days, for $500, by one Thomas M. Hobbs, in favor of appellee, and directed to and accepted by appellant. The declaration contained a special count on the acceptance, and the common counts. To which appellant (defendant below) pleaded, 1st. The general issue. 2nd. That appellant accepted said bill merely for the accommodation of said Hobbs, and for no other…
1Opinion of the CourtCaton, C. J.
This action is against the acceptor of a bill of exchange, and the defense relied upon, is that the acceptance was for the accommodation of the drawer, which was known to the drawee at the time he took the bill, and that the drawee gave time' to the drawer after maturity. The court properly decided that this constituted no defense to the action. Bills of exchange are the highest class of commercial paper known to the law, and it has ever been a cherished object of the law merchant,—which has been permitted by the courts of England to insinuate itself into the common law, till it now forms,…
2Cited by9 opinions
- Marsh v. LowIndiana Supreme Court · 1876
- Prout v. LomerIllinois Supreme Court · 1875
- Nowak v. Excelsior Stone Co.Illinois Supreme Court · 1875
- Wineman v. OberneAppellate Court of Illinois · 1891
- Hardy v. RossAppellate Court of Illinois · 1879
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