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Jones v. Schreyer

49 N.Y. 674 Court N.Y. Decision date 1872-05-28 English

Judges 'All concur.

Delivered by Peckham, J.,

Contents

Majority

p. 674
William M. Jones, Respondent, v. John Schreyer, impleaded, etc., Appellant.
(Argued May 24, 1872;
decided May 28, 1872.)

Headnote

Action against defendant as indorser of a promissory note. The note was for $1,500; was indorsed for a special purpose ; but was diverted by the payee, but pledged as collateral security for the payment of an antecedent debt. JSefd, that plaintiff was not a Iona fide holder, and if he were could only collect the amount due him.
p. 675
Rufus B. Oowvng for appellant.
William Henry Arnoux for respondent.

reads for reversal and new trial.

'All concur.

Judgment reversed and new trial ordered, costs to abide event.