Oppenheim v. Simon Reigel Cigar Co.
Appellate Terms of the Supreme Court of New York
Appeal from Municipal Court, Borough of Manhattan, Thirteenth District. Actions by Jacob Oppenheim against the Simon Reigel Cigar Company on promissory notes. From judgments for plaintiff, defendant appeals.
1Opinion of the CourtBischoff, J.
The notes in suit were discounted by plaintiff’s assignor for the maker, being in the latter’s possession with the indorsement of the payee, the appellant corporation. The circumstances imported the fact that the indorsement was for accommodation (Stall v. Bank, 18 Wend. 466; Fielden v. Lahens, 2 Abb. Dec. 111, 116), and hence not within the powers of a manufacturing corporation, such as this. Nat. Park Bank v. G. A. Co., 116 N. Y. 281, 22 N. E. 567, 5 L. R. A. 673. The negotiable instruments law (Laws 1897, p. 719, c. 612) does not affect this question of power. Section 41 (page 727)…
2Cases cited1 opinion
- Nat. Park Bk. v. . G.A.M.W. S. Co.New York Court of Appeals · 1889
3Cited by4 opinions
- National Bank of Shamokin v. Waynesboro Knitting Co.Supreme Court of Pennsylvania · 1934
- International Harvester Co. of America v. State BankNorth Dakota Supreme Court · 1918
- Dench & Hardy Co. v. John J. Hanson, Inc.Appellate Division of the Supreme Court of the State of New York · 1936
- Davis v. SolomonSupreme Court of Connecticut · 1924