Legal Opinion

Thompson v. Ward

New York Supreme Court

Decided December 15, 1900Published

Action on promissory note made by defendants. Defense, usury and failure to apply consideration money as agreed.

1Opinion of the CourtMcAdam, J.

The action is on a promissory note made by the defendants in these words:

“ $4,000. Superior, Wisconsin, January 16, 1893.
“ On the sixteenth day of January, 1898, for value received, we promise to pay Frank Van Derzee or order the sum of four thousand (4,000) dollars, with interest thereon at the- rate of eight per cent, per annum, from date hereof, until fully paid, said interest payable semi-annually, according to the tenor of ten interest coupons hereto annexed, viz.: Each for the sum of one hundred and sixty (160) dollars, bearing even date herewith, both principal and coupon notes payable…

2Cases cited7 opinions

  1. Montclair v. RamsdellSupreme Court of the United States · 1883
  2. Tilden v. BlairSupreme Court of the United States · 1875
  3. Wayne County Savings Bank v. . LowNew York Court of Appeals · 1880
  4. Merchants' Bank of Canada v. GriswoldNew York Court of Appeals · 1878
  5. Wayne County Savings Bank v. LowNew York Court of Common Pleas · 1878

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