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word_n case_n defendant_n plaintiff_n 2,734 5 10.2407 5 false
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A53343 July 18, 1671 on a tryal before the Lord Chief Justice Hales, between Nathaniel and John Letten, plaintiffs, and Leonar Moresco, widow defendant ... 1671 (1671) Wing O292; ESTC R41441 17,801 29

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july_n 18._o 1671._o on_o a_o trial_n before_o the_o lord_n chief_a justice_n hales_n between_o nathaniel_n and_o john_n let_v plaintiff_n and_o leonar_n moresco_n widow_n defendant_n concern_v the_o custom_n of_o merchant_n in_o case_n a_o accept_v bill_n of_o exchange_n be_v lose_v the_o question_n be_v whether_o the_o accepter_n be_v bind_v to_o pay_v the_o money_n on_o the_o second_o bill_n and_o upon_o hear_v by_o consent_n of_o counsel_n on_o both_o side_n a_o verdict_n be_v agree_v on_o in_o these_o word_n we_o find_v the_o custom_n of_o merchant_n to_o be_v that_o if_o the_o first_o bill_n which_o be_v accept_v be_v lose_v after_o acceptance_n and_o before_o payment_n thereof_o the_o merchant_n who_o accept_v such_o bill_n be_v bind_v to_o pay_v the_o money_n upon_o the_o second_o bill_n to_o the_o party_n by_o the_o bill_n appoint_v to_o receive_v the_o same_o or_o to_o such_o person_n to_o who_o it_o be_v by_o endorsement_n appoint_v to_o be_v pay_v if_o the_o party_n who_o be_v to_o receive_v the_o money_n shall_v give_v unto_o the_o party_n so_o accept_n sufficient_a security_n to_o save_v he_o harmless_a for_o such_o payment_n and_o not_o otherwise_o with_o this_o case_n as_o it_o relate_v to_o the_o party_n plaintiff_n and_o defendant_n it_o be_v not_o intend_v nor_o be_v it_o any_o way_n proper_a to_o intermeddle_v nor_o be_v it_o possible_a for_o any_o person_n without_o knowledge_n of_o the_o particular_a circumstance_n attend_v it_o to_o give_v any_o judgement_n therein_o but_o because_o the_o right_n state_v and_o determine_v the_o general_a question_n and_o the_o custom_n of_o merchant_n therein_o may_v be_v of_o universal_a concern_v and_o because_o on_o this_o occasion_n various_a discourse_n have_v be_v among_o merchant_n themselves_o who_o seem_v of_o different_a judgement_n and_o apprehension_n thereabouts_o it_o be_v think_v necessary_a to_o propose_v the_o same_o to_o the_o serious_a and_o mature_a consideration_n of_o merchant_n and_o to_o desire_v their_o judgement_n thereupon_o which_o may_v serve_v as_o a_o rule_n in_o future_a and_o lead_v the_o way_n to_o the_o settlement_n of_o other_o matter_n of_o like_a nature_n now_o controvert_v among_o merchant_n in_o order_n to_o the_o resolution_n of_o the_o say_a question_n it_o have_v be_v observe_v first_o that_o general_o and_o universal_o all_o merchant_n agree_v in_o this_o that_o though_o the_o first_o accept_v bill_n be_v lose_v yet_o that_o the_o party_n to_o who_o the_o money_n be_v due_a ought_v not_o to_o lose_v the_o same_o and_o that_o the_o accepter_n be_v bind_v to_o pay_v the_o money_n on_o the_o second_o bill_n so_o as_o he_o may_v be_v secure_v to_o pay_v the_o same_o but_o once_o second_o that_o concern_v the_o way_n and_o manner_n whereby_o the_o accepter_n may_v be_v secure_v the_o merchant_n do_v not_o agree_v among_o themselves_o i._o some_o affirm_v that_o the_o party_n require_v the_o money_n on_o the_o second_o bill_n be_v bind_v by_o the_o custom_n of_o merchant_n to_o give_v good_a security_n by_o bond_n in_o a_o penal_a sum_n to_o the_o accepter_n to_o save_v he_o harmless_a against_o he_o accept_v bill_n and_o that_o unless_o such_o security_n be_v give_v to_o the_o satisfaction_n of_o the_o accepter_n the_o accepter_n be_v not_o bind_v to_o pay_v the_o money_n ii_o other_o affirm_v that_o though_o it_o be_v usual_a and_o oftentimes_o practise_v by_o merchant_n in_o such_o case_n to_o give_v security_n one_o to_o another_o to_o avoid_v trouble_n yet_o that_o there_o be_v no_o such_o custom_n to_o necessitate_v a_o merchant_n so_o to_o do_v or_o to_o debar_v he_o of_o his_o right_n for_o default_n thereof_o but_o in_o such_o case_n the_o merchant_n claim_v the_o money_n may_v bring_v his_o action_n on_o the_o second_o bill_n and_o that_o if_o on_o trial_n he_o prove_v the_o acceptance_n of_o the_o first_o bill_n and_o his_o right_n and_o propriety_n to_o the_o money_n he_o ought_v to_o have_v judgement_n against_o the_o accepter_n for_o the_o principal_a sum_n but_o not_o for_o any_o cost_n of_o suit_n unless_o the_o loss_n of_o the_o accept_v bill_n be_v by_o the_o accepter_n himself_o and_o the_o judgement_n in_o this_o case_n be_v a_o security_n to_o the_o accepter_n against_o the_o accept_v bill_n iii_o other_o affirm_v that_o the_o payment_n of_o the_o money_n on_o the_o second_o bill_n after_o the_o usual_a time_n limit_v by_o the_o custom_n of_o merchant_n for_o payment_n of_o bill_n to_o a_o person_n to_o who_o the_o same_o be_v due_o endorse_v and_o his_o receipt_n and_o discharge_v thereon_o be_v of_o itself_o according_a to_o the_o nature_n of_o bill_n of_o exchange_n and_o the_o custom_n of_o merchant_n a_o sufficient_a discharge_n of_o and_o security_n against_o the_o first_o accept_v bill_n the_o reason_n and_o ground_n for_o each_o of_o these_o several_a opinion_n seem_v to_o be_v in_o substance_n as_o follow_v those_o which_o assert_v the_o first_o opinion_n allege_v first_o that_o they_o have_v often_o know_v it_o practise_v in_o case_n of_o the_o loss_n of_o a_o first_o accept_v bill_n that_o security_n have_v be_v give_v to_o save_v the_o accepter_n harmless_a and_o that_o they_o never_o know_v it_o otherwise_o second_o that_o the_o acceptation_n be_v that_o only_a which_o oblige_v the_o party_n on_o who_o the_o bill_n be_v draw_v and_o that_o therefore_o he_o ought_v on_o payment_n to_o have_v up_o his_o obligation_n or_o else_o to_o be_v well_o secure_v against_o it_o three_o that_o if_o person_n be_v dishonest_a it_o may_v fall_v out_o that_o the_o first_o accept_v bill_n may_v be_v endorse_v to_o one_o man_n and_o the_o second_o bill_n to_o another_o man_n in_o which_o case_n they_o do_v conceive_v he_o that_o have_v the_o accept_v bill_n be_v by_o preference_n entitle_v to_o the_o money_n so_o that_o if_o the_o accepter_n shall_v pay_v the_o money_n on_o the_o second_o bill_n and_o not_o have_v good_a security_n if_o afterward_o the_o first_o accept_v bill_n shall_v be_v find_v endorse_v to_o another_o that_o person_n will_v recover_v payment_n by_o virtue_n of_o the_o say_v accept_v bill_n and_o so_o the_o accepter_n shall_v be_v force_v to_o pay_v the_o same_o bill_n twice_o beside_o the_o trouble_n and_o vexation_n of_o suit_n and_o that_o therefore_o he_o ought_v to_o be_v secure_v against_o these_o inconvenience_n before_o he_o part_v with_o his_o money_n those_o that_o be_v of_o the_o second_o and_o three_o opinion_n first_o they_o propose_v some_o thing_n to_o be_v consider_v in_o reference_n to_o the_o custom_n of_o merchant_n in_o general_a as_o i._o that_o every_o usage_n or_o common_a practice_n among_o merchant_n do_v not_o amount_v to_o the_o denomination_n of_o the_o custom_n of_o merchant_n so_o as_o always_o to_o oblige_v many_o thing_n pass_v between_o merchant_n and_o merchant_n in_o a_o way_n of_o civility_n and_o friendship_n by_o way_n of_o accommodation_n which_o can_v therefore_o present_o be_v call_v a_o custom_n as_o for_o instance_n it_o be_v usual_a and_o the_o common_a practice_n of_o merchant_n upon_o the_o take_n up_o and_o deliver_v of_o money_n by_o exchange_n that_o the_o party_n who_o take_v up_o the_o money_n and_o draw_v his_o bill_n do_v give_v his_o first_o bill_n on_o the_o post-day_n and_o send_v for_o his_o money_n on_o the_o second_o bill_n a_o day_n or_o two_o after_o yet_o no_o merchant_n will_v say_v that_o this_o use_n and_o common_a practice_n be_v a_o oblige_a custom_n but_o rather_o the_o contrary_a that_o it_o be_v only_o a_o common_a civility_n and_o that_o the_o party_n that_o draw_v the_o bill_n may_v by_o the_o true_a and_o ancient_a custom_n of_o merchant_n refuse_v to_o deliver_v any_o bill_n before_o he_o receive_v the_o money_n for_o the_o value_n therein_o express_v ii_o that_o no_o one_o two_o or_o more_o particular_a merchant_n affirm_v that_o they_o have_v know_v such_o a_o thing_n practise_v in_o in_o such_o a_o case_n and_o that_o they_o never_o know_v it_o otherwise_o be_v a_o sufficient_a ground_n to_o determine_v that_o practice_n to_o be_v a_o custom_n of_o merchant_n so_o as_o to_o oblige_v all_o merchant_n in_o the_o course_n of_o exchange_n thereunto_o for_o though_o it_o may_v be_v so_o practise_v between_o some_o which_o those_o particular_a man_n hear_v of_o yet_o the_o same_o case_n may_v be_v contest_v by_o other_o and_o adjudge_v after_o another_o manner_n which_o they_o may_v never_o hear_v of_o iii_o that_o the_o custom_n of_o merchant_n do_v not_o separate_v between_o justice_n and_o equity_n i._n e._n in_o english_a between_o law_n and_o chancery_n but_o both_o be_v comprehend_v and_o aught_o to_o be_v consider_v in_o the_o determination_n of_o any_o matter_n among_o merchant_n touch_v bill_n of_o exchange_n so_o that_o there_o be_v no_o rule_n so_o positive_a but_o that_o differ_a circumstance_n