Citation Numbers: 6 Ky. Op. 183
Judges: Lindsay
Filed Date: 12/30/1872
Status: Precedential
Modified Date: 7/24/2022
Opinion by
The two papers sued on are bills of exchange.
It is so well settled that the acceptor of a bill of exchange can not set off against it, in the hands of an endorsee, claims against the payee subsisting at the time of acceptance, that we deem it unnecessary to cite authorities to sustain that position. Any other rule would destroy the value of mercantile paper.
Judgment affirmed.