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Cochran v. Reich

Appellate Division of the Supreme Court of New York, First Department
Jun 1, 1898
31 App. Div. 623 (N.Y. App. Div. 1898)

Opinion

June Term, 1898.

Present — Barrett, Patterson, Ingraham and McLaughlin, JJ.


Judgments affirmed, with costs.


Questions of fact only are involved in these appeals. The actions were upon promissory notes made by the defendant Lorenz Reich to the order of the plaintiff, and indorsed by the defendant Elizabeth Reich. The principal issue related to the consideration given for the indorsement, but the referee found, upon conflicting evidence, that the indorsements were made for the purpose of giving the maker of the note credit with the payee. As between the maker and the payee, the consideration was the extension of, or credit for, rent of premises leased by the payee to the maker of the notes, and the indorsements were made to induce the payee to take the notes. The defense of usury is set up in the answers of both defendants, but there is no proof whatever to sustain that defense. Concerning the counterclaim set up in the answer of Lorenz Reich, it is sufficient to say that the referee was entirely justified by the evidence in rejecting all of it, except the small amount he found to be due, for which credit was duly given. The exaggerated claim made by the defendants shows upon its face its fictitious character, and the testimony given by the defendants in support of it is entitled to no weight whatever. The judgments appealed from should be affirmed, with costs.


Summaries of

Cochran v. Reich

Appellate Division of the Supreme Court of New York, First Department
Jun 1, 1898
31 App. Div. 623 (N.Y. App. Div. 1898)
Case details for

Cochran v. Reich

Case Details

Full title:William F. Cochran, Respondent, v. Lorenz Reich and Elizabeth Reich…

Court:Appellate Division of the Supreme Court of New York, First Department

Date published: Jun 1, 1898

Citations

31 App. Div. 623 (N.Y. App. Div. 1898)