Robert B. Williams v. . Benjamin B. Tilt, Thomas Thorp and Solomon Newman, Impleaded With John S. Birch, Lucius B…

Summary

The New York Court of Appeals affirmed the lower court's judgment, holding that Tilt, Thorp, and Newman were bona fide purchasers for value of the silk and could retain it despite the fraud and usurious contract underlying the original sale, and that the plaintiffs could not invoke the usury defense as strangers to the contract.