Van Wagoner v. Paterson Gas Light Co.
Supreme Court of New Jersey
This action was brought by the plaintiffs, as receivers of the President and Directors of the People’s Bank of Paterson, appointed by the chancellor, under the act to prevent frauds by incorporated companies, on a draft or bill of exchange for five hundred dollars, accepted by the defendants, payable to the order of the Machine Company, and by them endorsed to the People’s Bank of Paterson, bearing date the thirtieth day of July, in the year of our Lord one thousand eight…
Read the full summary
This action was brought by the plaintiffs, as receivers of the President and Directors of the People’s Bank of Paterson, appointed by the chancellor, under the act to prevent frauds by incorporated companies, on a draft or bill of exchange for five hundred dollars, accepted by the defendants, payable to the order of the Machine Company, and by them endorsed to the People’s Bank of Paterson, bearing date the thirtieth day of July, in the year of our Lord one thousand eight hundred and fifty-one, and payable two months after date, coming to maturity on the third day of October, in the year of…
1Opinion of the Court
The Chief Justice.
This action is brought by the receivers of an incorporated company, appointed by the chancellor, un*288der the act to prevent frauds by incorporated companies. Its object is to recover the amount of a bill of exchange for §500, accepted by the defendants, and which was endorsed to and held by the corporation, at the time they stopped payment. The validity of the acceptance, and the defendants’ liability upon it, are not disputed. When the bank stopped payment, the defendants had a deposit in the bank, amounting to $455.90. They also had in their hands bank notes, or bills of the…
2Cases cited9 opinions
- Tucker v. OxleySupreme Court of the United States · 1809
- Haxton v. BishopNew York Supreme Court · 1829
- Holbrook v. Receivers of the American Fire InsuranceNew York Court of Chancery · 1836
- Ward v. Van BokkelenNew York Court of Chancery · 1828
- Miller v. Receiver of the Franklin BankNew York Court of Chancery · 1829
4 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Tumarkin v. First National State Bank of NJNew Jersey Superior Court Appellate Division · 1976
- Keegan v. Keegan's EstateNew Jersey Superior Court Appellate Division · 1981
- In Re the Estate of HoffmanSupreme Court of New Jersey · 1973
- Tumarkin v. First National State BankSupreme Court of New Jersey · 1978