Argued November 28, 1917
Decided December 18, 1917
Nash Rockwood and Charles A. Winter for appellants.
Henry A. Brann, Jr., for respondent.
Judgment affirmed, with costs; no opinion.
Concur: HISCOCK, Ch. J., CUDDEBACK, CARDOZO, POUND, CRANE and ANDREWS, JJ. Not sitting: McLAUGHLIN, J.
Full title:FIRST BANK OF NOTASULGA, Respondent, v . RICHARD W. JONES, JR., et al.…
Court:Court of Appeals of the State of New York
Date published: Dec 18, 1917
So the defense of ultra vires which would be available to the maker may not be available to an indorser. (…
Perkins v. MeyerIt is true that, in the Easton case ( supra), the underlying (but not direct) security to the bank was real…