Berson Sydeman Co. v. Waumbeck Manufacturing Co.

Burr, J. :

The action is upon a trade acceptance drawn by plaintiff upon defendant and accepted by the latter. The action is thus between *423the original parties to the paper in suit. The complaint alleges that plaintiff, on February 29, 1924, “ for value received,” drew a trade acceptance upon defendant for the sum of $20,778.78, payable on May 5, 1924, to the order of plaintiff, and that thereafter the said draft was duly accepted by defendant in writing, payable at the Bank of Manhattan; that the trade acceptance, at maturity, was duly presented for payment at the place where by its terms it…