Legal Opinion

Deposit National Bank v. Beaver Trust Co.

Superior Court of Pennsylvania

Decided October 8, 1917No. Appeal, No. 35PublishedCited by 6 opinions

Appeal, No. 35, April T., 1916, by plaintiff, from judgment of C. P. Beaver Co., Dee. T., 1915, No. 413, on verdict for plaintiff in case of Deposit National Bank of Du Bois v. Beaver Trust Company, Administrator of John Spencer, deceased. Assumpsit on three promissory notes.

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Appeal, No. 35, April T., 1916, by plaintiff, from judgment of C. P. Beaver Co., Dee. T., 1915, No. 413, on verdict for plaintiff in case of Deposit National Bank of Du Bois v. Beaver Trust Company, Administrator of John Spencer, deceased. Assumpsit on three promissory notes. Before Baldwin, P. J. From the record it appeared that two of the notes were for $5,000 each, and the third for $860. One of the $5,000 was in the following form: $5,000 Pittsburgh, Pa., Jan. 5th, 1914. Six months after date we promise to pay to the order of ourselves Five Thousand............Dollars at De- posit…

1Opinion of the Court

■ Opinion by

Head, J.,

The plaintiff national bank sued to recover the moneys due on three separate negotiable notes. Each one of these notes had been made by a corporation called Kyoto Pottery Company,* of which defendant’s decedent was president. Each one was endorsed by him individually among other endorsers. Two of these notes were in the sum of $5,000 each, the third for $860. The plaintiff bank discounted each of these notes for full value at the ordinary and lawful rate of interest before maturity, and, apparently at least, in the usual course of business. Although none of the facts…

2Cases cited8 opinions

  1. Vandegrift v. VandegriftSupreme Court of Pennsylvania · 1910
  2. Morris Run Coal Co. v. Barclay Coal Co.Supreme Court of Pennsylvania · 1871
  3. Erwin v. . DownsNew York Court of Appeals · 1857
  4. Binney v. Globe National BankMassachusetts Supreme Judicial Court · 1890
  5. Evans v. DravoSupreme Court of Pennsylvania · 1854

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3Cited by6 opinions

  1. New York & Pennsylvania Co. v. Cunard Coal Co.Supreme Court of Pennsylvania · 1926
  2. Edward Stern & Co. v. Liberty Mutual InsuranceSupreme Court of Pennsylvania · 1921
  3. White, Receiver v. Ph&338nix Iron WorksSupreme Court of Pennsylvania · 1925
  4. Dolan v. Burke, Pennsylvania Court of Common Pleas, Philadelphia County1926
  5. Klair v. Klair, Pennsylvania Court of Common Pleas, Dauphin County1923

1 more not listed; retrieve them via the Exa API.

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