Navajo-Apache Bank & Trust Co. v. Willis
Arizona Supreme Court
APPEAL from a judgment of the Superior Court of the County of Navajo. J. E. Crosby, Judge.
1Opinion of the Court
BAKER J.
This action was brought by the plaintiff, Navajo-Apache Bank & Trust Co., to recover the sum of $1,125 on a promissory note made by the defendants, R. A. Willis, A. M. Willis and Angus L. Willis, to the order of one Thos. L. Matkins, Jr., and indorsed by him to the plaintiff. The answer of the defendants, among other things, sets up that the note was obtained by fraud. The verdict and judgment was for the defendants.
If a note is originally obtained by fraud, holders of such paper are entitled to the benefit of the rule protecting a bona fide holder only when they have purchased such…
2Cases cited2 opinions
- Lentz v. LandersArizona Supreme Court · 1919
- Navajo-Apache Bank & Trust Co. v. WakefieldArizona Supreme Court · 1919
3Cited by11 opinions
- Atlantic National Bank of Boston v. KorrickArizona Supreme Court · 1926
- Hays v. Bank of ArizonaArizona Supreme Court · 1941
- United States Smelting, Refining & Mining Exploration Co. v. Wallapai Mining & Development Co.Arizona Supreme Court · 1924
- Arnett v. SandersonArizona Supreme Court · 1923
- Burke v. GottfriedCourt of Appeals of Arizona · 1968
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