Guelich v. National State Bank
Supreme Court of Iowa
Appeal from Des Moines District Court. Action to recover the amount of a bill of exchange deposited with defendant for collection by plaintiff’s testator, which defendant failed to present for payment to the drawee or to protest for non-payment, whereby the other parties to the paper were discharged. There was a trial to the court without a jury and judgment for plaintiff; defendant appeals. The facts of the case appear in the opinion.
1Opinion of the Court
Beck J.
i. principal banks as coi-' lectmg fifenceofeg" ent'esp°lld~ I. The paper in question in this suit was a foreign bill drawn in Munich, Westphalia, upon New York, and was deposited with defendant for collection. In the usual course of business of the bank, it was Sen^ defendant to its correspondent, the Metropolitan Bank of New York. It may be conceded, in the view we take of the case, that, for the reason the paper was not presented for payment and protested for non-payment by the New York bank within the time required by law, the drawers and indorsers of the bill were discharged. ■…
2Cases cited17 opinions
- PRESIDENT AND DIRECTORS OF THE BANK OF WASHINGTON v. Triplett & NealeSupreme Court of the United States · 1828
- Allen v. Merchant's BankCourt for the Trial of Impeachments and Correction of Errors · 1839
- Hoover v. WiseSupreme Court of the United States · 1876
- Ayrault v. . the Pacific BankNew York Court of Appeals · 1872
- Lawrence v. Stonington BankSupreme Court of Connecticut · 1827
12 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- Exchange Nat. Bank of Pittsburgh v. Third Nat. Bank of NYSupreme Court of the United States · 1884
- Bailie v. Augusta Savings BankSupreme Court of Georgia · 1895
- Eufaula Grocery Co. v. Missouri National BankSupreme Court of Alabama · 1897
- Simpson v. WaldbyMichigan Supreme Court · 1886
- First National Bank v. SpragueNebraska Supreme Court · 1892
13 more not listed; retrieve them via the Exa API.