117 N.Y.S. 1043 | N.Y. App. Term. | 1909
The plaintiff, in her complaint, declares on a check made'by defendant Hoffman, directing the East ¡River Rational, Bank to pay to the order of H. Feinberg & Son, on Rovember 10, 1908, the sum of $364, and that the defendants H. Feinberg & Son duly indorsed and delivered same to the plaintiff for value, but that payment was stopped by the maker before presentation, and no part, although duly demanded, has been paid. The defendant Hoffman denies that he delivered the same for value to the payee of the check, and also denies that the plaintiff became a holder in due course and for value, defending separately on the ground that the check was postdated, that no consideration passed therefor between the maker and the payee, and that plaintiff has come into possession thereof, without having given any valuable consideration therefor, and with full knowledge on her part of the facts and circumstances attending the making and delivery of the check to the payee therein named.
Under section 31 of the Regotiable Instruments Law, then in force, “ the instrument,” a negotiable instrument, as was the check in question, as defined by section 2 of the same law, “ is not invalid for the reason only that it is antedated or postdated, provided this is not done for an illegal or fraudulent purpose,” and the'plaintiff, as indorsee, was not put upon inquiry merely because of the negotiation of the check prior to the day of its date. Brewster v. McCardell, 8 Wend. 478. The plaintiff herein became a holder for value, having received the check in payment of a past loan. True it is in this State, as applied to chattels, valuable consideration “ means something more than the discharge of a debt, that revives when the consideration for its discharge fails It means the parting with some value that cannot be
The judgment will, therefore, be affirmed.
IGildebsleeve and Seabuby, JJ., concur.
Judgment affirmed, with costs.
