Red River Iron Co. v. Henderson
Red River Iron Co. v. Henderson
6 Ky. Op. 183; 1872 Ky. LEXIS 492
Red River Iron Co. v. Henderson
Opinion of the Court
Opinion by
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.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.