272 F. 673 | 2d Cir. | 1921
(after stating the facts as above). [1] Ribelant did not ship the rosin. Its title thereto and right to sue depended upon the indorsement or transfer to it of the bill of lading. The title as alleged is excellent and very usual; yet it is to be remembered that a bill of lading is not a negotiable instrument, or a piece of commercial paper, and-the doctrines favoring an innocent holder for value do not wholly apply. Pollard v. Vinton, 105 U. S. 7, 26 L. Ed. 998.
It is to be remembered that we have nothing before us but a point of pleading, viz. whether, viewing the allegations of the answer most favorably for the claimant, any defense is suggested. Eibelant’s position is that, assuming an antecedent freight contract, in this instance it was no more than that shipment on deck would be at “ship’s option,” and that the ship by issuing a clean bill exercised that option, and is accordingly conclusively estopped from going back of the bill itself.
When the testimony has been taken, it is directed that the case stand for argument at the opening of the term of October, 1921, Applications, if any, for extension of time for taking testimony, may be made on reasonable notice, to any judge of this court.