Court Opinion

ID: 7339952
Source: CourtListenerOpinion
Date Created: 2022-07-25 23:42:07.254379+00
Date Added: 2024-06-11T16:20:15.235753
License: Public Domain

McADAM, J.
In New York, previous to the Revised Statutes,, no action could be maintaind at law upon a lost hill or note which was negotiable if it had been indorsed . or otherwise transferred, whether before or after it was payable. Cow. Treat. (Kingsley’s Ed.) § 400, and cases cited. The note in suit was payable to the order of the plaintiff, and, for all that appears, was never indorsed by him, so that it could not be negotiated according to the law merchant. The action is, therefore, one which could be maintained at common law. See cases cited under section 1917, Bliss’ Code. The statutory provisions now contained in section 1917 of the Code require the plaintiff, as a condition to recovery, to give a written undertaking in a sum fixed by the judge or referee to indemnify the adverse party against any claim by any other person on account of the note or bill, and against all costs or expenses by reason of such a claim. It is apparent, therefore, that the bond is to be given at the trial (Brookman v. Metcalf, 4 Rob. [N. Y.] 568), to be there approved of by the judge or referee. Such a bond has been given, the judge has approved of it, and the plaintiff is entitled to judgment for the amount due, $638.78. A decision in accordance herewith has been signed.