| NY | Feb 15, 1871
To sustain the conclusion of law in favor of the plaintiff, made .by the judge at special term, it needed that he find, in the plaintiff’s favor, two questions of fact.
1st. That the- defendant was indebted to Jacob Hinds at the time the instrument in writing was made and, delivered in the amount expressed therein.
2d. That Jacob hinds assigned to the plaintiff, the instrument in writing, and indebtedness, if any there was, for which it was given.
The learned judge did find these two facts. But if it should appear that he found them without there being any evidence to sustain them, or either of them, there was error.
The first of these findings of fact may, perhaps, be based upon the allegations of the pleadings.
The complaint avers that the defendant was indebted to Jacob Hinds at the time of the making of the writing in the sum named in it.
The answer does not. with entire explicitness deny this averment.
As we shall hold that there is no evidence to . sustain the other finding of fact, it is not important that we decide whether the allegations of the pleadings will sustain this.
The second of these findings of fact, is entirely without evidence to sustain it. It was put by the learned judge at special term, upon the instrument in writing and the indorsement of- it to the plaintiff. There is nothing else in the case upon which it could have been put; were the instrument made by the defendant a draft or bill of exchange, we should acquiesce in the finding. But it is not.
It is, by its express terms, payable from an anticipated specific fund, not then in existence, and its future existence contingent.
It expresses no consideration. It was so accepted that the
Such a paper is not a draft, nor is it negotiable. No title to it, or to any indebtedness for which it may have been given, passes to the assignee by the mere indorsement of it (3 Kent's Com., 90 ( margin. 76), note; Edwards on Notes, 141; Brown agt. Richardson, 20 N. Y., 472; 1 Parsons on Bills, &c., 42, et seq.)
' As the indorsement of this paper to the plaintiff was all which he showed as proof of his ownership of it and of any claim against the defendant, he failed to make out a case.
The judgment should be reversed and a new trial granted, with costs to abide the event.