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Holmes v. Williams

10 Paige Ch. 326, 1843 N.Y. LEXIS 500, 1843 N.Y. Misc. LEXIS 83
CourtNew York Court of Chancery
DecidedAugust 15, 1843
StatusPublished
Cited by27 cases

This text of 10 Paige Ch. 326 (Holmes v. Williams) is published on Counsel Stack Legal Research, covering New York Court of Chancery primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Holmes v. Williams, 10 Paige Ch. 326, 1843 N.Y. LEXIS 500, 1843 N.Y. Misc. LEXIS 83 (N.Y. 1843).

Opinion

The Chancellor

said that he concurred in the opinion of the vice chancellor, that where the holder and apparent owner of negotiable securities sells them at a discount, to a bona fide purchaser who has no knowledge of the purpose for which such securities were made, the holder representing such securities to belong to himself and to be business paper, the transaction was not usurious as between the vendor and the vendee ; although the representation of the vendor was false, and the securities were in fact made for the sole purpose of being sold at an usurious discount in the market.

Decree affirmed with costs.

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Bluebook (online)
10 Paige Ch. 326, 1843 N.Y. LEXIS 500, 1843 N.Y. Misc. LEXIS 83, Counsel Stack Legal Research, https://law.counselstack.com/opinion/holmes-v-williams-nychanct-1843.