Kobbe v. Clark
Kobbe v. Clark
Opinion of the Court
On the 15th of May, 1845, the defendants, at Philadelphia, drew a sight draft upon John T. Smith & Co., of New York, for $918.75, payable to the order of J. Kerr & Son. The payees indorsed the draft, and remitted it on the same day to the plaintiff, at New York, in payment of a debt due him. The plaintiff received it on the morning of the 15th of May, and immediately
Held, that a charge to the jury, in an action against Clark & Company to recover the amount of the draft, that if they should find that Smith & Company would have paid cash for the draft when presented, if their check had been refused, or if the check would have been paid if presented to the bank on the 15th, that then they ought to find for the defendants, was correct.
That the defendants were not liable on their subsequent promise to pay the draft when returned, because, at the time of the promise, they Were ignorant of the laches which had occurred in the presentation and demand of payment of the draft and of the check.
Reference
- Full Case Name
- Kobbe against Clark and others
- Status
- Published