24 Barb. 656 | N.Y. Sup. Ct. | 1857
This is an action upon a promissory note payable to one Tanner or bearer. The plaintiff alleges in his complaint that he is the lawful holder and owner of the note. The defendant denies that the plaintiff is such lawful holder and owner of the note, and avers that the title and ownership is still in Tanner, and that the note was transferred to the plaintiff conditionally, without consideration, and for the purpose of prosecution. The plaintiff replies that he took the note unconditionally, and for value received, and that he is • the lawful owner of it, and of the moneys due and to grow due thereon. It appears from the evidence that Tanner held the note until it was near being outlawed, when, not wishing to sue it in his own name, he, at the suggestion of his counsel, delivered it to the plaintiff who gave his own note to Tanner for the amount due, payable at a future day. The understanding between them was that the plaintiff should prosecute the defendant’s note, and that if he should not succeed in the collection thereof, he
The judgment should be reversed, and there should be a new trial at the circuit court; costs to abide the event of the suit.
S. B. Strong, Birdseye and Emott, Justices.]