First National Bank of Stillwater v. Larsen
Wisconsin Supreme Court
APPEAL from the Circuit Court for St. Croix County. The case is thus stated by Mr. Justice Taylor: “This action was brought to recover of the defendants the amount of three promissory notes.
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APPEAL from the Circuit Court for St. Croix County. The case is thus stated by Mr. Justice Taylor: “This action was brought to recover of the defendants the amount of three promissory notes. The action was commenced in September, 1882. One of the notes was for $65, payable on or before June 1, 1882; the others were for $200' each,— the one payable on or before December 1, 1882, and the other on or before December 1, 1883. The notes were-all dated at Stillwater, Minnesota, November 11, 1881, and were in the following form, differing only as to amounts and times of payment: “ ‘ $65.00.…
1Opinion of the CourtTaylor, J.
The main question in the case arises upon the objection to the evidence offered by the defendants in support of their answer. Whether the objection should have *212been sustained by th‘6 court below, depends upon the question of the negotiability of the notes upon which the action was brought. If these notes were negotiable according to the law merchant, then, as the evidence shows that the plaintiff Avas a purchaser in good faith and for value before they became due, the proofs offered by the defendants should have been excluded. The question of their negotiability raises two points: (1) Were…
2Cases cited21 opinions
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