Court of Appeals of Kentucky, 1872

Red River Iron Co. v. Henderson

Red River Iron Co. v. Henderson
Court of Appeals of Kentucky · Decided December 30, 1872 · Lindsay
6 Ky. Op. 183; 1872 Ky. LEXIS 492

Red River Iron Co. v. Henderson

Opinion of the Court

Opinion by

Judge Lindsay:

The two papers sued on are bills of exchange.

It is so well settled that the acceptor of a bill of exchange can not set off against it, in the hands of an endorsee, claims against the payee subsisting at the time of acceptance, that we deem it unnecessary to cite authorities to sustain that position. Any other rule would destroy the value of mercantile paper.

Judgment affirmed.

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