John McLean, Downey v. Hicks — Opinion of the Court
“ That, 'if Downey received the certificate, conditioned that he would receive the money in discharge of the debt, if the bank should pay it, then Downey was bound to use reasonable diligence to collect the money due on the certificate. Reasonable diligence consists in such exertions as a prudent man would use in his own case in the collection of the certificate; and if Downey failed to use such diligence to collect the money, the defendants are not liable, and the jury should find for the defendant.'In ordinary transactions, a check on a specie-paying bank, payable on demand, is payment. ”
