Valley Jitney Jungle Co. v. Hamady

Plaintiff, transferee of the payee of a promissory note, sued thereon. The defense being fraud and failure of consideration, the question is of plaintiff's holding in due course. Defendant had verdict and judgment. Plaintiff has appealed.

Plaintiff was a holder in due course in the sum of $1,000 and interest unless the knowledge of fact of defense of one Brown, an officer of the payee and sometimes attorney for plaintiff, can be held to be imputed or chargeable to plaintiff. Even if Brown were attorney or agent of plaintiff, his interest in transfer of the note was adverse to interest of…