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CORN EXCHANGE BANK V. SCHEPPERS, 111 U. S. 440 (1884)

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U.S. Supreme Court

Corn Exchange Bank v. Scheppers, 111 U.S. 440 (1884)

Corn Exchange Bank v. Scheppers

Argued March 26, 1884

Decided April 21, 1884

111 U.S. 440

Syllabus

When, in the course of dealings, A gives to B one series of his own notes payable to his own order to be used for purchase of an article on his account, another series of like notes as accommodation paper to be protected by the other party at maturity, and a third series, part of which is accommodation paper and a part is issued for the purchase of the article, it is for the jury to say, on a suit against A by a bank to which B had hypothecated one of the third series as collateral, whether B had the right to pledge it for his own debt.

The facts at issue appear in the opinion of the Court. chanroblesvirtualawlibrarychanroblesvirtualawlibrary

Page 111 U. S. 441





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