Steeg v. Codifer

Plaintiff, as the holder for value before maturity, brought this suit to recover $3,200, the amount of seven promissory notes, interest, and attorney’s fees. The notes were made by defendant to the order of the Gerson Realty Company, Inc., financial agents.

Defendant answered, admitting that plaintiff “may be the holder” of the notes, but denied that he had acquired them in due course for value and before maturity. 1-Ie averred that the notes were issued by him in payment of stock to the value of $4,000 in the St. Mary Co-operative Farm & Orchard Association upon fraudulent misrepresentations…