Paston v. Bussmeyer

This was an action by an assignee on an assigned note for $836.71, due one day after date, and drawn negotiable and payable without defalcation or discount. The note bore date 25th January, 1856, and was assigned on the 10th day of February, 1857. The defence was a set-off against the payee and assignor before the assignment. The defence was overruled and a judgment was rendered for the plaintiffs. The defendant maintained that as the note did not contain the words “ for value received,” and, as it was assigned after the act of 1855 (R. C. 1855, p. 319) concerning bonds, notes and accounts…