New York Security & Trust Co. v. Lipman
New York Court of Appeals
Appeal from a judgment of the late General Term of the Supreme Court in the first judicial department, entered January 16,1896, affirming a judgment in favor of plaintiff entered upon a decision of the court on trial at Special Term. The nature of the action and the facts, so far as material, are stated in the opinion.
Read the full summary
Appeal from a judgment of the late General Term of the Supreme Court in the first judicial department, entered January 16,1896, affirming a judgment in favor of plaintiff entered upon a decision of the court on trial at Special Term. The nature of the action and the facts, so far as material, are stated in the opinion. The defendant bankers had an absolute title on December 14, 1892, to the goods previously delivered by them to Lipman & Co. under trust receipts, for they had advanced their money for the financing of the importations under an agreement for a lien. (F. & M. N. Bank v. Logan, 74…
1Opinion of the CourtVann, J.
This action was brought to settle conflicting claims to the proceeds of a quantity of burlaps sold by the plaintiff under a warehouse receipt, pledged to secure a loan of money, no question being raised by any defendant as to the propriety of an action in equity. All the claimants derived title through the firm of Lipman & Co., manufacturers and importers, of Dundee, Scotland, who were represented in this country by one Ludwig Gutmann, as their general agent. Their business was to finish goods taken in the rough from the looms, put them in shape for the market and export them. The plaintiff…
2Cases cited1 opinion
- Clark v. IselinSupreme Court of the United States · 1875
3Cited by13 opinions
- Fayerweather v. RitchSupreme Court of the United States · 1904
- Bush v. Export Storage Co.U.S. Circuit Court for the District of Eastern Tennessee · 1904
- Freudenheim v. . G&220tterNew York Court of Appeals · 1911
- Foreign Trade Banking Corp. v. Gerseta Corp.New York Court of Appeals · 1923
- Thompson v. GoldstoneAppellate Division of the Supreme Court of the State of New York · 1916
8 more not listed; retrieve them via the Exa API.