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You are here: BAILII >> Databases >> Scottish Court of Session Decisions >> James Fairholm, Merchant, v Bailie James Gordon of Ellon. [1724] Mor 1462 (1 February 1724) URL: http://www.bailii.org/scot/cases/ScotCS/1724/Mor0401462-058.html Cite as: [1724] Mor 1462 |
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[1724] Mor 1462
Subject_1 BILL OF EXCHANGE.
Subject_2 DIVISION I. Of the Object, Nature, and Requisites of Bills.
Subject_3 SECT. VII. Whether Bills require Intimation.
Date: James Fairholm, Merchant,
v.
Bailie James Gordon of Ellon
1 February 1724
Case No.No 58.
Verbal intimation of a, draught found sufficient.
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Bailie Gordon having given a letter of credit to my Lord Duffus, upon Mr Fairholm, he, in compliance therewith, advanced the money, and took my Lord's bill upon the Bailie.
In a pursuit for the sum of the bill, at Mr Fairholm's instance, the Bailie alleged, That no formal intimation had been timeously made to him of this draught, by which neglect he had lost the fund of his relief.
It was answered for Fairholm, That he had made a verbal intimation to the Bailie much about the time the bill fell due, which, by the custom of merchants,
was sufficient, and there was no need of a formal intimation; 7th January 1681, Ewing contra Burnet, Stair, v. 2. p. 828. voce Letter of Credit. The Lords found the verbal intimation sufficient.
Reporter, Lord Cullen.
The electronic version of the text was provided by the Scottish Council of Law Reporting