New York Court of Appeals

Solomon D. Weaver, Respondent v. James P. Barden, Appellant

April 30, 187249 N.Y. 286

Summary

The Court of Appeals reversed the lower courts' judgment granting the defendant title to thirteen shares of stock and ordered a new trial. It held that the defendant was not a bona fide purchaser for value because he gave no valuable consideration, and therefore the plaintiff retained superior title. The Court also addressed the effect of a general denial on the admissibility of new matter. Justice Grover, dissenting, argued that the defendant was a bona fide purchaser.