Case ID: nys_3/html/0130-01.html
Source: Caselaw Access Project
Author: {"author": "Ehrlich, J.", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Manheimer v. Levy.
    
      (City Court of New York, Special Term.
    
    December 18,1888.)
    Assignment—Op Non-Negotiable Note—Indobsement and Deliveby.
    An allegation in a complaint by the assignee of a non-negotiable note that the payee indorsed and delivered the note to plaintiff, is a sufficient averment of a transfer of title to the note, as a chose in action is transferable by delivery without any formal assignment.
    On demurrer to complaint in an action by Samuel Manheimer against Louis Levy on a non-negotiable note.
    
      David Tim, for plaintiff. Julius Levy, for defendant.
   Ehrlich, J.

The note sued on is non-negotiable, and the question is whether, in an action brought by a stranger to the note, an allegation that the payee indorsed and delivered the note, etc., is a sufficient averment of transfer of title to the person to whom the delivery was made. The title to ,a non-negotiable instrument will pass by delivery, and without indorsement, (Loftus v. Clark, 1 Hilt. 310,) and without any formal assignment, (Hastings v. McKinley, 1 E. D. Smith, 273.) The indorsement of a non-negotiable instrument is a good equitable assignment. Lenx v. Jansen, 18 How. Pr. 265. The court of appeals has held that an allegation that a non-negotiable instrument was indorsed and delivered was sufficient to admit evidence that the note was duly assigned by the payee. Brown v. Richardson, 20 N. Y. 472. The obligation is at most a mere chose in action, and title thereto passes by delivery, if such was the intention of the parties, and the complaint sufficiently alleges a valid transfer under the authorities. The motion for judgment on the demurrer was properly granted, and the motion for a reargument must be denied.