6 N.Y.S. 362 | N.Y. Sup. Ct. | 1889
The defendants’ testator, John F. Moulton, had, in his life-time, prior to the month of November, 1886, lost in gaming to one John Daily the sum of $3,500, for which he gave said Daily his check on a bank. Payment of the check, when presented, was refused, and it was accordingly protested for non-payment. Certain letters and telegrams passed between John F. Moulton and the said Daily in regard to the transaction. On the 20th day of November, 1886, the plaintiff, who had authority to act for Daily in the premises, returned to John F. Moulton the protested check, together
The learned referee, however, has fallen into an inadvertent error in deciding that if any action can be sustained upon this note it can be brought only by Mr. Daily, the principal, and not by this plaintiff, who is shown to be the agent only of Daily. But the note was made payable to the plaintiff’s order. Section 449, Code Civil Proc., authorizes a trustee of an express trust to bring an action in his own name. A trustee of an express trust is there defined to be “a person with whom, or in whose name, a contract is made for the benefit of another.” The action was brought by the proper party; but, as is pointed out above, no action by any person can be maintained upon this paper. The judgment should be affirmed, with costs. All concur.