Taylor v. Young
Supreme Court of Pennsylvania
WRIT of error to the court of common pleas of Jllleghany county. This suit was instituted by Samuel Young against Thomas Taylor and James Taylor, composing the firm of James Taylor & Co., the plaintiffs in error, to recover the amount of the following draft, ®r order, of which Young was the holder.
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WRIT of error to the court of common pleas of Jllleghany county. This suit was instituted by Samuel Young against Thomas Taylor and James Taylor, composing the firm of James Taylor & Co., the plaintiffs in error, to recover the amount of the following draft, ®r order, of which Young was the holder. “$169 20. Pittsburgh, August 27th, 1825. “Pittsburgh Iron Manufacturing Company, “Please pay to Samuel K. Page & Co., or order, 169 dollars 20 cents for value received, which' charge to account of “Yours “James Taylor & Co.” Indorsed — “ Samuel K. Page & Co.” By an article of agreement, dated the…
1Opinion of the Court
The opinion of the Court was delivered by
Gibson, C. J.
A draught or bill made payable at no particular time, is payable immediately; and to charge the drawer or an indorser, it must be presented for payment in a reasonable time after the receipt of it. In this case the draught was held back for nearly eight tnonths; a length of time which, in ordinary cases, is out of all reason. It is argued, however, that as regards the'holder, the drawers *344are to be considered as a partner firm of the house on which the bill was drawn; and that presentment or notice was unnecessary, on the principle of…
2Cited by2 opinions
- Murray v. GroverSuperior Court of Pennsylvania · 1922
- West Branch Bank v. FulmerSupreme Court of Pennsylvania · 1846