American Fruit Growers, Inc. v. Chase Nat. Bank of City of New York

WALKER, Circuit Judge.

This was an action by the appellee on a bill of exchange or draft drawn by appellant at Sanford, Fla., on itself at Candor, N. C., and made payable to the order of Seminole County Bank, Sanford, Fla., and indorsed by the payee, “Pay any bank, banker, or trust company, or order.” The claim asserted by the suit was resisted on the ground that the paper “was not acquired by the plaintiff by purchase, and that no consideration was given for the same.” The evidence showed the following:

The draft, indorsed as above stated, and having stamped or printed on its face the words,…