Wood v. Rairden
Opinion of the Court
This action is by the holder against- an indorser of .a promissory -note. The court directed a verdict in favor of the plaintiffs at the close of the evidence, and the defendant appeals;- Upon the trial the defendant sought to establish that the contract -of indorsement was- made without consideration, and in this she failed. Her pleading, by omitting to deny, admitted the indorsement and delivery to the plaintiffs for value. The' circumstances ■ of the delivery were practically-these; That the plaintiffs’ attorney presented, to her a bill which he claimed she. owed them. She- stated that the amount of the bill was in dispute and slie did not think she should be required to pay it or any of it until the matters in difference between them should be settled, and she even went so far as to claim -that nothing was owing. It was suggested, however, at the interview that the matter, might be adjusted by the indorsement, and delivery to the plaintiffs of -the note in suit, which had been held by her for' some time as payee, and the delivery to the plaintiffs • of her own-note for the difference between the. face of the oíd’note and the amount in question. This she did. The note which bore her indorsement was protested and this action was commenced.
The final paragraph of her answer alleged that the contract of indorsement was Upon the agreement that the defendant was not in any event to be liable for the payment of the note, which would amount to an agreement that the indorsement: should be without recourse. As, written, it appeared, however, to be indorsed in blank. ,The' plaintiffs’ attorney urged that her evidence .was sufficient to -warrant a finding that such was the contract,, but it fell! far short of this. The only evidence she gave which might tend to such a conclusion was : “ I gave him that note, and I gave-him mine,, and he gave me a receipt in full without any restrictions. * * ^ He took it in consideration of payment, and told me so, ánd would. give me á receipt in full without any restrictions, and I consider the bill was paid.” This evidence tends rather to establish the fact that the notes were taken in absolute payment of the bill than that. the. note was indorsed without recourse.
This leads to a consideration of the question whether or not the proposition as stated "by the defendant’s attorney presents the ques
. This was-the view of the learned court below. It is correct, and the judgment must be affirmed, with costs. ■
HirsohbErg, P. J., Jenks, Eich and Miller, JJ., concurred.
Judgment of the. County . Court of Queens county affirmed, with costs. - "
Case-law data current through December 31, 2025. Source: CourtListener bulk data.