Legal Opinion

Gravenhorst v. . Zimmerman

New York Court of Appeals

Decided May 1, 1923PublishedCited by 91 opinions

1Opinion of the Court

Hisco ok, Ch. J.

This action involves a transaction in foreign exchange and leads to the practical question who shall bear the loss springing out of that transaction.

On March 31, 1917, the plaintiff’s assignor paid to the defendants the sum of $8,500 in consideration of which they agreed to make a wireless transfer of 47,222 marks to the account of a designated payee at a designated bank in Berlin. Owing to the war into which we were then about to enter our government at this date had taken control of wireless stations, and mail communications between this country and Germany were soon…

2Cases cited13 opinions

  1. General Investment Co. v. Interborough Rapid Transit Co.New York Court of Appeals · 1923
  2. Hennessy v. BaconSupreme Court of the United States · 1890
  3. Taylor v. . GoeletNew York Court of Appeals · 1913
  4. Helgar Corporation v. . Warner's FeaturesNew York Court of Appeals · 1918
  5. Legniti v. Mechanics & Metals National BankNew York Court of Appeals · 1921

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3Cited by91 opinions

  1. Sillman v. Twentieth Century-Fox Film Corp.New York Court of Appeals · 1957
  2. Equimark Commercial Finance Company v. C.I.T. Financial Services Corporation (Formerly Universal C.I.T. Credit Corporation)Court of Appeals for the Third Circuit · 1987
  3. In Re the Arbitration Between Western Union Telegraph Co. & American Communications Ass'nNew York Court of Appeals · 1949
  4. New York Telephone Co. v. Jamestown Telephone Corp.New York Court of Appeals · 1940
  5. Gibson v. De La Salle InstituteCalifornia Court of Appeal · 1944

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