Lewis v. Hojer

16 N.Y.S. 534, 41 N.Y. St. Rep. 617, 1891 N.Y. Misc. LEXIS 2104
New York Court of Common Pleas·Decided December 7, 1891·Published·Cited by 7 cases

Opinion

Bischoff, J.

Wilt & De Milt, manufacturers of cigars, of Tallahassee, Fla., being at the time indebted to plaintiffs, who were engaged in business as bankers at the same place under the Arm name of B. 0. Lewis & Sons, on January 31,1884, made their draft on the defendant, of the city of New York, as drawee, payable 90 days after date, and delivered it to plaintiffs, upon the understanding that when accepted by the defendant the draft should be applied in extinguishment of the drawers’ existing indebtedness. Defendant at the time was not indebted to, nor did he hold any funds belonging to, the drawers, and to induce him to accept the draft, H. J. Wilt, one of the drawers, on February 1st wrote him as follows: “We made the draft on you yesterday at 90 days for $4,000, as previously advised, which we trust you will do us the favor to accept. We now have to offer the following propositions as a means of enabling us to run our factory until matters get straightened out. We will ship you at once, say 45,000 cigars, value, say $3,500, to go to cover your acceptance above, and each week will ship you, say 10,000 cigars, value from $500 to $700, against which we would want to draw, say 90 days, for $200 to $300, to cover our current expenses; you to accept such weekly shipments to pay any deAciency on your $4,000 acceptance. After this is settled, you to render an account monthly, and remit proceeds by certiAed check or certiAcate of deposit on N. Y. bank to us at this place. If this receives your approval, please advise us at once, and oblige, yours, etc., H. J. Wilt, for Wilt & De Milt.” This letter was received by defendant, and, with knowledge of its contents, he, on February 6th, accepted the draft when it was presented to him by the Importers’ & Traders’ Bank of New York, to whom it had been forwarded by the plaintiffs for acceptance and [535] collection. The cigars were not shipped to defendant at any time, and on February 25th he notified the Importers’ & Traders’ Bank in writing to the effect that because of the failure to make the promised shipment up to that time he would refuse to pay the draft at maturity. The draft having matured, this action was brought to enforce defendant’s liability as acceptor. For his defense he asserted that at the time of the making and delivery of the draft the payees had the custody or control of the drawers’ merchandise stock under a bill of sale or assignment to them as collateral security for a then existing indebtedness, and that the payees promised, in consideration of defendant’s acceptance of the draft, to release a sufficient quantity of cigars from the operation of such bill of sale or assignment to enable the drawers to comply with the terms of Wilt’s letter of February 1st to the defendant, but that, after such acceptance was made, the payees refused to abide by their promise, whereby the drawers were prevented from making the promised shipment, and the defendant failed to receive the means of reimbursement as agreed. The holding of a bill of sale or assignment of the effect mentioned, and the making of the promise to release the cigars for the purposes of shipment to defendant, as, well as any knowledge on their part that the shipment of the cigars constituted the consideration for defendant’s acceptance, were denied by plaintiffs; but the defendant supported his assertions by sufficient evidence. lío objection was made to the competency of the evidence, and upon careful examination of the record before us we are not inclined to say that the evidence introduced to substantiate the plaintiffs’ denials so preponderates that a verdict for the defendant is necessarily against the weight of the evidence. The motion for a new trial upon that ground was therefore properly denied.

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Lewis v. Hojer, 16 N.Y.S. 534, 41 N.Y. St. Rep. 617, 1891 N.Y. Misc. LEXIS 2104 (N.Y. Super. Ct. 1891).

16 N.Y.S. 534 (Lewis v. Hojer) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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