Case ID: ny_236/html/0513-01.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Sam Safian, Respondent, v. Irving National Bank, Appellant.
    
      Contract — •purchase of foreign credit — failure to make delivery within reasonable time — measure of damages.
    
    
      Safian v. Irving Nat. Bank, 202 App. Div. 459, affirmed.
    (Argued March. 20, 1923;
    decided May 1, 1923.)
    Appeal, by permission, from a judgment of the Appellate Division of the Supreme Court in the first judicial department, entered July 21, 1922, affirming a determination of the Appellate Term which affirmed a judgment of the Municipal Court of the city of New York in favor of plaintiff. The action was brought to recover for defendant’s failure to transfer by cable to a designated payee in Poland 7,000 Polish marks. Defendant contended that it could be held liable only for the value of the marks in dollars on the day after the defendant demanded refund, at which time they had greatly depreciated in value. The Appellate Division held that plaintiff was entitled to recover in American dollars the exact amount paid by him to defendant, irrespective of any subsequent depreciation of Polish marks.
    
      Eugene W. Leake and Edward A. Craighill, Jr., for appellant.
    
      A. Delafield Smith and Sydney W. Davidson for American Express Company, amicus curice.
    
    
      Charles C. Peters for respondent.
   Judgment affirmed, with costs; no opinion.

Concur: Hiscock, Ch. J., Hogan, Cardozo, Pound, McLaughlin, Crane and Andrews, JJ.