Case Name: AARON O. PRICE, PLAINTIFF IN ERROR, v. OSCAR KEEN, DEFENDANT IN ERROR
Court: New Jersey Court of Errors and Appeals
Jurisdiction: New Jersey
Decision Date: 1878-06
Citations: 40 N.J.L. 332
Docket Number: 
Parties: AARON O. PRICE, PLAINTIFF IN ERROR, v. OSCAR KEEN, DEFENDANT IN ERROR.
Judges: 
Reporter: New Jersey Law Reports
Volume: 40
Pages: 332–332

Head Matter:
AARON O. PRICE, PLAINTIFF IN ERROR, v. OSCAR KEEN, DEFENDANT IN ERROR.
1. In a suit on a promissory note by a bona fide endorsee for valuable consideration, against the maker, the simple fact that the endorser was, at the time of the endorsement, indebted to the maker, is no defence.
2. Cumberland, Bank v. Hann, 3 Harr. 222, approved.
In error to the Supreme Court.
For the plaintiff in error, A. Q. Keasbey.
The defendant in error, in pro. pers.

Opinion:
The opinion of the court was delivered by
The Chancellor.
It was held by the Supreme Court, in Cumberland Bank v. Hann, 3 Harr. 222, that in an action by the endorsee against the maker upon a promissory note, endorsed to the plaintiff, bona fide, and for a valuable consideration, the simple fact that the endorser was, at the time of making the endorsement, indebted to the defendant, was no defence. That decision has been followed for now nearly forty years. It is satisfactory to this court. Its principle governs this case. The judgment of the Supreme Court will, therefore, be affirmed:
For affirmance — The Chancellor, Dixon, Knapp, Reed, Sculler, Yan Syckel, Woolhull, Clement, Doll, Green, Lilly, Wales. 12.
For reversal—None.