Silver Discount Corp. v. Blair

The plaintiff seeks to recover on a trade acceptance drawn by the Allmall Sales Corporation, hereinafter called the Allmall Company, on the defendant and accepted by him, which acceptance was payable to the order of the drawer, and was indorsed by it to the plaintiff before maturity. The defendant filed an answer setting up, among other things, fraud on the part of the drawer in procuring the acceptance, and that plaintiff was not a holder in due course in that it did not take the acceptance in good faith. A trial was had by jury which resulted in a verdict and judgment for the defendant, and…