Consolidated Ass'n of Planters v. Avegno
Cases that cite this one
5 later published cases cite this decision.
- McCrary v. Succession of Bridges (La. Ct. App. 1972)
- Rex Finance Company v. Cary (La. Ct. App. 1963)
- State ex rel. Sorensen v. Nebraska State Savings Bank (Neb. 1934)
- City of Adrian v. Whitney Central National Bank (Mich. 1914)
- Long Island Loan & Trust Co. v. Columbus, C. & I. C. Ry. Co. (U.S. Circuit Court for the District of Indiana 1895)
This list shows which later cases cite this one. It does not say how they treated it, and no review of that has been done. Not a substitute for Shepard’s or KeyCite — verify before relying.
Opinion of the Court
The plaintiff sues for certain New Orleans City Waterworks bonds, which were stolen from the bank of plaintiff by burglars on the night of the twenty-ninth of January, 1870. The loss was advertised in the newspapers.
The defense is that they were acquired in due course of business, in good faith, before maturity, and for value.
The bonds were payable to bearer; they were not due when bought by the defendant, who gave value for them; the purchaser was therefore unaffected by the want of title in the vendor. 20 How. 452; 2 Black. 386; 2 -Wall. 110.
“ Bonds with coupons payable to bearer are negotiable securities and pass by delivery, and, in fact, have all the qualities and incidents of commercial paper.” 3 Wall. 331; 20 An., Doll vs. Rosetti.
It is therefore ordered that the judgment be affirmed with costs of appeal.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.