Industrial National Bank of Rhode Island v. Leo's Used Car Exchange, Inc.

In this contract action the plaintiff seeks to recover upon two checks drawn by the defendant on Security National Bank, one in the sum of $9650.00 made payable to the order of Villa’s Auto Sales, Inc. and the other in the amount of $5500.00 made payable to the order of Villa’s Auto Sales. The answer, among other items, denied that the plaintiff was a holder in due course of the checks sued upon.

Bach of the above checks was cashed by a teller at a branch of the plaintiff bank, at the request of F. M. Villa, who was a customer of the plaintiff bank and who was President and Treasurer of Villa…