Siebenhauer v. Bank of California National Ass'n

The complaint alleges conversion of a security denominated a Spring Valley bond in the principal sum of one thousand dollars. Defendant answered with a general denial. The court made findings and gave judgment in its favor. Plaintiff has appealed upon the judgment-roll. The facts are not in dispute.

The ease turns upon the question of whether the bond in suit is or is not a negotiable instrument within the meaning of the law-merchant as disclosed by our negotiable instruments statute and supplementary enactments. The facts necessary to grasp the questions involved will now be set forth:

Plaintif…