Holmes, Lafferty & Co. v. German Security Bank
This text of 87 Pa. 525 (Holmes, Lafferty & Co. v. German Security Bank) is published on Counsel Stack Legal Research, covering Supreme Court of Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
The judgment of the Supreme Court was entered
The bill of lading was attached to the draft in this case as a security for its payment. It was therefore evidence of an appropriation of the proceeds of sale of the property contained in the bill of lading, whether the bill was endorsed or not. The consignment to the defendants was for sale only, and therefore when they had notice of the draft and bill of lading before sale, they were informed of the appropriation of the proceeds of sale, and could not apply them to an old debt of their own.
Judgment affirmed.
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Cite This Page — Counsel Stack
87 Pa. 525, 1878 Pa. LEXIS 208, Counsel Stack Legal Research, https://law.counselstack.com/opinion/holmes-lafferty-co-v-german-security-bank-pa-1878.