Cahoon v. Bank of Utica

New York Court of Appeals
Cahoon v. Bank of Utica, 1 Seld. Notes 31 (N.Y. 1852)

Cahoon v. Bank of Utica

Opinion of the Court

Brown and Rossiter as copartners, and Brown individually, were indebted to the Bank of Utica to the amount of $3,000, for $1,000 of which the bank held their copartnership note, and for the residue the individual notes of Brown. Brown assigned to the bank a mortgage, his private property, as security for the payment of the notes. The bank collected the full amount of the mortgage, which paid the notes, leaving a surplus in money in possession of the bank. The plaintiffs, general assignees of Brown, filed their complaint against the bank, demanding the excess of money and a return of the notes. The defendant demurred, on the ground that the plaintiffs could not have judgment for the excess in money and a return of the notes in one action.

Held, that the complaint was good.

(S. C., 4 How. Pr. 423 ; 7 id. 134; 7 N. Y. 486.)

Reference

Full Case Name
Benjamin Cahoon and others against The Bank of Utica
Status
Published