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1 S.C.L. 160

Holmes v. Hooper

Pennsylvania Court of Common Pleas · decided 1791-07-01

CASE on an indorsed note by indorsee, against indorser. produced, in evidence, a negotiable note band from Patrick Carnes, deceased, dated the 18th December, 1785, payable to Fohn Walker, for/-, . on 1st January, 1787. On the back of this note, Walker made a transfer' of' his right, and gave the defendant, HooPeri a power to sue in his name, and to appropriate the money to his own use, when recovered; but did not make it payable to order.

Decided 1791-07-01

Bay, J.

¶1Although the original payee of a negotiable note may restrain its negotiability, yet a subsequent indorser may give it currency and negotiability from him, and then the negotiable quality of it recommences; for every in-dorsement is in nature of a new bill, and the indorser may make it negotiable or not, as he pleases. Bay v. Fraser, in this court; and also Salk. 133.

¶2*161With regard to the second point, it does not appear at what time this note was negotiated to the plaintiff, whether before or after the isth August, 1788 ; besides, it may have been in full for other transactions, of which this note formed no part. It would be dangerous, indeed, were the ¿ourt to suffer a loose receipt of this kind, in which the note was not mentioned, to affect its credit or negotiability.

¶31/erdict for plaintiff.

¶4Sunt gave notice of a motion he intended to make for a new trial, but afterwards acquiesced in the opinion of the raurt, and never brought it forward»

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