New York Court of Appeals November 23, 1886 (Phelps v. . Borland)

Finch, J.

The defendant, a citizen of this country, drew a bill of exchange to his own order at sixty days’ sight upon Johnston

&

Co., who were English merchants residing in Liverpool. The defendant sold it to the plaintiffs, who were

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American bankers, residing in ¡New York. The bill was duly accepted by Johnston

&

Co.