Salitan v. Stewart

Appellants sued appellees to recover the principal and interest of three negotiable trade acceptances each for the principal sum of $105.00. These acceptances had been executed by appellees to East Coast Discount Corporation. Appellees, as defendants, by plea, admitted the execution of the acceptances but denied that plaintiffs were the owners thereof or had any interest therein.

Samuel S. Salitan, a member of plaintiff partnership, and Miss Elizabeth Grould, Secretary of the East Coast Discount Corporation, a New York corporation, both testified by deposition that the acceptances were orally…