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28 N.Y. 481

Morford v. . Davis

New York Court of Appeals

Decided September 5, 1863

New York Court of Appeals · decided 1863-09-05

The action was brought against Davis and John P. Westervelt, as indorsers of a promissory note made by one Haskin, on the 2d day of February, 1857, for $>2500, payable to the order of Westervelt six months after date. In the complaint it was alleged that the note was indorsed by Westervelt, the payee, to 'Davis, by Davis to Hoxon, and by Noxon to the plaintiffs.

Relies on Delaware Bank v. . Jarvis · Gould v. Horner

Good law ✅— No negative treatment on recordhow we know

Decided 1863-09-05

How this case has been cited

Cited by 6 later decisions — most recently April 1919

1 district · 5 state decisions

20186318701880189019001910decided

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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¶1[EDITORS' NOTE: THIS PAGE CONTAINS HEADNOTES. HEADNOTES ARE NOT AN OFFICIAL PRODUCT OF THE COURT, THEREFORE THEY ARE NOT DISPLAYED.] *483 Usury is a defense which can not be made available on the trial of a cause, unless it be pleaded; and the answer of Davis not showing that the contract of transfer and indorsement of the note by him to Noxon was usurious, the evidence tending to prove that fact was properly rejected. (Gould v. Horner,12 Barb. 601;Watson v. Bailey,2 Duer, 509.) *485

¶2The contract of indorsement, made by Davis, had no connection whatever with the usurious contract between Westervelt and Davis, and is not affected by it. The indorsement constituted a new contract between Davis and Noxon, upon sufficient consideration, and was valid and binding upon the defendant, although the note was void. (McKnight v. Wheeler,6 Hill, 492; Churchill v.Hunt,3 Denio, 321.) Indeed, the fact of the transfer of the note by the defendant to Noxon, as a valid instrument, is of itself sufficient to estop him from alleging, as against Noxon, or any one claiming under him, that the note was void. (DelawareBank v. Jarvis,20 N.Y. 226.)

¶3The judgment of the Supreme Court should be affirmed.

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