Conditional payment by note
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 7 U.S. 311 - Harris v. Johnston · 1806Most cited · 17 citing opinions
Upon principle, it would appear that such an action could not be maintained. The indorsement of the note passes the property in it to another, and is evidence that it was sold for a valuable consideration. If, after such indorsement, the seller of the goods could maintain an action on the original contract, he would receive double satisfaction.