Federal Reserve Bank of Richmond v. Whitford

We are of the opinion that his Honor was correct in granting the motion of the defendants for judgment as of nonsuit.

While, under certain conditions, it may be true, as contended in the appellant’s brief, that the possession of a note creates a presumption of ownership, and thereby gives the holder thereof a prima facie right to maintain an action thereon, this presumption is not one of law but of fact, and may be rebutted either by the plaintiff’s or the defendants’ evidence; and if this presumption be rebutted by the plaintiff’s own evidence, the fact of the plaintiff’s possession of the…