Thompson v. McCullough
Supreme Court of Missouri
Appeal from St. Louis Circuit Court. The facts of this case are sufficiently stated in the opinion of the court. I. A note-broker is the mere agent of negotiable securities to realize moneys from sxxch securities for his principal. It is not his province to make inquiry as to the genuineness of prior parties on the note received by him, unless there are circumstances connected with the transaction calculated to create suspicion in the minds of men of ordinary prudence.
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Appeal from St. Louis Circuit Court. The facts of this case are sufficiently stated in the opinion of the court. I. A note-broker is the mere agent of negotiable securities to realize moneys from sxxch securities for his principal. It is not his province to make inquiry as to the genuineness of prior parties on the note received by him, unless there are circumstances connected with the transaction calculated to create suspicion in the minds of men of ordinary prudence. It is sufficient for him to know that the signature of the party from whom the note is received is genuine. There is no…
1Opinion of the CourtNapton, Judge
This suit was brought to recover the amount of several forged notes, amounting in all to $1,469.19, which the defendants had sold to the plaintiffs. The defendants were note-brokers, and it appeared that the names of the makers of the notes were forged by a member of the firm, in whose name they were endorsed. The endorsements were genuine, but the endorsers Colson, Keep & Go. were at the time of the trial proved to be insolvent, and although engaged in business at the date of the sale of the paper, they were then in failing circumstances. The plaintiffs had a judgment.
The bill of exceptions…
2Cited by6 opinions
- Huston v. TylerSupreme Court of Missouri · 1897
- Schell v. StephensSupreme Court of Missouri · 1872
- Hunt v. SandersSupreme Court of Missouri · 1921
- Ziegler v. FallonMissouri Court of Appeals · 1887
- Houston v. WelchMissouri Court of Appeals · 1920
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