Court Opinion

ID: 8310071
Source: CourtListenerOpinion
Date Created: 2022-10-17 13:47:11.797405+00
Date Added: 2024-06-11T16:44:41.564709
License: Public Domain

Treat, J.,
{charging jury.) The draft in question having been sent forward to New York for acceptance and payment, if the same was accepted, being a sight draft, and a check received in payment, during bank hours, instead of cash, and the said check was rotained in plaintiff’s possession, instead of having the same collected or certified on the same day during bank hours; if said cheek could have been presented for payment, or certification had, during the banking hours of the same day; and if the said check had been presented on the same day, and would have been paid if presented; and if the said check wa's not presented until the following day, and in the intermediate time the funds of the drawer of the check had been exhausted, and consequently said check dishonored, — the verdict must be for the defendant. This instruction is based upon the proposition that when a loss is suffered under the circumstances stated, the loss must fall upon the party through whose negligence the same occurs.
The payment of the draft was to be in cash; and if anything except ■cash was received, and in consequence thereof the drawer of the draft was damnified, then the damages sustained he has a right to be indemnified for by the negligent party. In this case, the plaintiff bank having received the draft, and presented the same, and received a check for the amount thereof instead of cash, the drawee having had funds to meet his check, which would have been paid if presented that day, and before the said check passed through the clearing house on the next day the drawers, Parks & Co., whose check had been received, had failed, whereby the check was dishonored, the loss so caused must fall on the plaintiff, and not on the defendant. The draft should have been paid in cash; and if the plaintiff chose to receive, instead of cash, the drawee’s check, it did so at its own risk, and, if any loss followed, the plaintiff must bear the same.
At the defendant’s request, the court then charged the jury as follows : “The court instructs the jury to find for the defendants;” and they returned a verdict for the defendant accordingly.
A motion for a new trial has since been filed by the plaintiff, and, :after being duly considered, has been overruled-