Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Law
Contracts - Offer And Acceptance - Newspaper Advertisement As Offer To Sell, Theodore G. Koerner
Contracts - Offer And Acceptance - Newspaper Advertisement As Offer To Sell, Theodore G. Koerner
Michigan Law Review
Defendant store published two newspaper advertisements offering for sale on successive Saturdays limited numbers of fur pieces for one dollar, "first come, first served." The initial advertisement offered three new fur coats "worth to $100"; the second, inter alia, one black lapin stole "worth $139.50." Plaintiff was the first person to appear at the appropriate counter on both days, but defendant each time refused to sell him the advertised furs, asserting a "house rule" that such offers could be accepted only by women. Plaintiff sued for contract damages. As to the offer of the coats "worth to $100," the trial …
Bills And Notes-Reacquisition And Reissue By A Prior Party-Liability Of Intermediate Indorser To Subsequent Holder In Due Course, James R. Bliss S.Ed.
Bills And Notes-Reacquisition And Reissue By A Prior Party-Liability Of Intermediate Indorser To Subsequent Holder In Due Course, James R. Bliss S.Ed.
Michigan Law Review
The payee of a negotiable note indorsed to X, who later indorsed back to the payee, who before maturity indorsed to a holder in due course. All indorsements were special. On default, the holder brought suit to enforce the secondary liability of the payee and X, the intermediate indorser. Both defendants appealed from a judgment for the holder. Held, reversed as to X. The reacquisition of a note by a payee terminates the contractual liability of an intermediate indorser as to a holder subsequent to the payee. Denniston's Admr. v. Jackson, 304 Ky. 261, 200 …