Argued March 16, 1923
Decided April 17, 1923
John J. Mackrell for appellant.
John T. Norton and Eugene McLean for respondent.
Judgment affirmed, with costs, on the ground that when the note fell due the maker did not tender plaintiff bank $250 and a renewal note for $7,250; no opinion.
Concur: HOGAN, CARDOZO, POUND, McLAUGHLIN, CRANE and ANDREWS, JJ. Absent: HISCOCK, Ch. J.
Full title:NATIONAL BANK OF WATERVLIET, Respondent, v . LEWIS MARTIN, Appellant…
Court:Court of Appeals of the State of New York
Date published: Apr 17, 1923
The law on this subject is succinctly stated in Petroleum Acceptance Corp. v. Queen Ann Laundry Service ( 265…
Petroleum Accept. Corp. v. Queen Anne Laundry ServWhere the holder in due course of a note has knowledge that the basic contract contemplates that there is to…