Approved Factors v. Imperial Bolt & Screw Co.

We conclude Mr. Mont’s alleged identification of Silverman’s voice heard more than eight months before he heard it in the courtroom when Silverman testified at the trial is not convincing and is against the weight of credible evidence. Since this is the only evidence touching on the question of whether or not plaintiff had notice that the note was given for the accommodation of Broadway Metals, plaintiff is in the position of a holder in due course and may recover on a corporate accommodation note. Moreover, the note is not ultra vires as it was given for defendant’s own protection (see…