(Download) "Leslie Combs, Complainant and Appellant v. John L. Hodge" by United States Supreme Court " eBook PDF Kindle ePub Free
eBook details
- Title: Leslie Combs, Complainant and Appellant v. John L. Hodge
- Author : United States Supreme Court
- Release Date : January 01, 1858
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 75 KB
Description
As to the power implied from the endorsement. 1. There is an express limitation on the face of these bonds upon their transferable character. It is not denied that, as between the original parties, an endorsement in blank, for a fair consideration, followed by delivery, would vest in the purchaser an equitable title, which would, upon satisfactory proof, enable him to compel the endorser, in a court of equity, to do everything necessary to effect a complete transfer of his interest. He could sue in his own name in equity alone. His title would be equitable. And it may be conceded that he had an assignable property in the bonds. But he could assign no more than his equity. 'The stream could not rise higher than the fountain.' The purchaser, therefore, could not, as against the original party, stand in any better condition than the first assignee.