Sturges v. Fourth National Bank

Citations

• 75 Ill. 595

Syllabus

<p>1. Draft—proof of acceptance. Where the acceptance of a draft or bill of exchange is declared upon, proof that the defendant, upon whom it was drawn, promised to accept the same before it was drawn, and, after it was drawn, verbally promised the holder to pay it, is clearly sufficient to support the declaration.</p> <p>3. Bill of exchange—parrot acceptance good. A parol acceptance of a bill of exchange is as binding and as conclusive as if the acceptance was in writing.</p> <p>3. Common counts. A recovery may be had upon a parol acceptance of a bill of exchange under the common counts.</p> <p>4. Draft—authority to pay. Where a party had agreed to pay to the amount of the value of grain consigned to him by his agent and on his drafts, the shipping receipt accompanying a bill drawn on him by the agent was held sufficient authority in a party to such arrangement to pay the same.</p>