Johnston v. Wolf

JAMISON, J., pro tem.

This action was upon a trade acceptance drawn by the Brent Furniture Company in favor of defendant and indorsed by defendant to the Pacific National Bank before maturity, for value, who' took the same in good faith and became a holder in due course thereof.

This trade acceptance was drawn on December 8, 1925, for the sum of $680.75, was accepted by defendant and payment thereon was due on March 8, 1926.. While the said bank was the owner of said trade acceptance and holder in due course and prior to its maturity, it placed said instrument in the mail for transmittal to the…