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15 Johns. 247

Burdick v. Green

New York Supreme Court

Decided May 15, 1818

New York Supreme Court · decided 1818-05-15

THIS was an action of assumpsit. The declaration con-tamed several counts: 1, On a promissory note, dated the 21st June, 1810, made by the defendant, and payable to the plaintiff, or order, on the 1st of August next, thereafter, for 1525 dollars : 2.

Good law ✅— No negative treatment on recordhow we know

Decided 1818-05-15

How this case has been cited

Cited by 16 later decisions — most recently May 1899

14 state decisions

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Later decisions citing this case, by decade. The current decade is in progress, and our corpus holds fewer opinions from the most recent years, so the latest bars are undercounted — not a real decline.

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Spencer J.

¶1delivered the opinion of the court. The point is, whether an action of assumpsit can be maintained on the original cause of action, under the circumstances set forth in the 6th plea, with the additional fact, that the promissory note duly endorsed to Ketchum had been re-assigned to the plaintiff, under the hand and seal of Ketchum, by a distinct instrument.

¶2There can be no doubt that the legal title in the note is in Ketchum, for the plea states the endorsement of the note under the hand of the plaintiff to J. Ketchum, or order, for value received; the transfer was thus complete, and nothing but the cancelling this endorsement, or Ketchurn’s endorsing it again, would devest him of the legal title. A note endorsed in blank may, or may not, be filled up, at the election of the endorser, but an endorsement in full, transfers the interest of the payee to the person named in the endorsement. (Chitty on Bills, 116, 117, 118.)

¶3In Holmes and Drake v. D’Camp, (1 Johns. Rep. 35.) it was held, that though technically speaking, a negotiable note does *250not extinguish an antecedent debt which formed its consideration, it was an extinguishment sub modo; and, as I understand that case, we adopted this rule, that when it appeared that a negotiable note had been given for a prior debt, that we would not suffer the plaintiff to recover on the original consideration, unless he showed the note to have been lost, or produced and cancelled .it at the trial.

¶4The plea in this case, therefore, is defective, as a bar to an action on the original consideration; for we have seen that the mere giving a negotiable note, or its endorsement to a third person, does not extinguish the original cause of .action, provided the payee in the note can show it to be lost, or can produce it to be cancelled; and non constat, that it cannot he done in this case.

¶5Judgment for the plaintiffi

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