Underwood v. Metropolitan Nat'l Bank
144 U.S. 669 (1892)

Annotate this Case

U.S. Supreme Court

Underwood v. Metropolitan Nat'l Bank, 144 U.S. 669 (1892)

Underwood v. Metropolitan National Bank

No. 270

Argued and submitted April 4, 1892

Decided April 25, 1892

144 U.S. 669

Syllabus

M. gave to a bank a mortgage on land owned by him to secure paper which the bank might discount. Among the paper so discounted was a note made by J., which M. had discounted, and which J. paid to the bank. The note had been given for a certificate of deposit which J. afterwards endorsed, and subsequently paid. J. claimed subrogation under the mortgage to the rights of the bank as respected the certificate of deposit. Held that the claim could not be allowed; that the payment of the note to the bank by J. discharged the mortgage, so far as it was a security for the note, and that the certificate of deposit was not secured by the mortgage.

The case is stated in the opinion.

Official Supreme Court caselaw is only found in the print version of the United States Reports. Justia caselaw is provided for general informational purposes only, and may not reflect current legal developments, verdicts or settlements. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or information linked to from this site. Please check official sources.