Red River Iron Co. v. Henderson

Court of Appeals of Kentucky

Red River Iron Co. v. Henderson

6 Ky. Op. 183, 1872 Ky. LEXIS 492

DecidedDecember 30, 1872

StatusPublished

This text of 6 Ky. Op. 183 (Red River Iron Co. v. Henderson) is published on Counsel Stack Legal Research, covering Court of Appeals of Kentucky primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Red River Iron Co. v. Henderson, 6 Ky. Op. 183, 1872 Ky. LEXIS 492 (Ky. Ct. App. 1872).

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Opinion

Opinion by

Judge Lindsay:

The two papers sued on are bills of exchange.

It is so well settled that the acceptor of a bill of exchange can not set off against it, in the hands of an endorsee, claims against the payee subsisting at the time of acceptance, that we deem it unnecessary to cite authorities to sustain that position. Any other rule would destroy the value of mercantile paper.

Judgment affirmed.

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Opinion by

Judge Lindsay:

The two papers sued on are bills of exchange.

It is so well settled that the acceptor of a bill of exchange can not set off against it, in the hands of an endorsee, claims against the payee subsisting at the time of acceptance, that we deem it unnecessary to cite authorities to sustain that position. Any other rule would destroy the value of mercantile paper.

Judgment affirmed.

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Bluebook (online)

6 Ky. Op. 183, 1872 Ky. LEXIS 492, Counsel Stack Legal Research, https://law.counselstack.com/opinion/red-river-iron-co-v-henderson-kyctapp-1872.