Summary
In Sixth National Bank v. Lorillard Brick Works Company (46 N Y St. Repr. 235) the court, referring to a note that had been discounted and the proceeds credited to the payee on the books of the bank, say: "The plaintiff must have actually paid out and parted with the proceeds of the discount before it could acquire an indisputable title thereto."
Summary of this case from Albany County Bank v. People's Ice Co. No. 1Opinion
Argued December 15, 1892
Decided January 17, 1893
R.D. Murray for appellant.
Richard L. Sweezey for respondents.
Agree to affirm on opinion below.
All concur.
Judgment affirmed.