National Bank v. Winslow

Three questions of law arise upon the evidence:

1. In an action between the holder and the maker of a negotiable instrument, is parol evidence admissible to establish an agreement between the maker and the payee creating a particular mode of payment?

2. If so, does an endorsee taking such note, with actual knowledge of the agreement, hold it subject to the maker’s equities arising on said agreement ?

3. What is the effect of the words “without offset” contained in the note in controversy ?

The reason for excluding parol evidence, tending to establish a collateral agreement, as a part of a…