Johnson County Savings Bank v. Walker
Supreme Court of Connecticut
Action by the indorsee against the acceptor of four bills of exchange, brought to the District Court of Waterbury and tried to the jury before Peasley, J; verdict and judgment for the defendant, and appeal by the plaintiff.
1Opinion of the CourtBaldwin, J.
Under General Statutes, §§ 4222, 4225, 4226, 4229, when it is shown, in an action by a transferee of negotiable paper against the maker or acceptor, that the party who negotiated it to the plaintiff obtained it by fraud or for an illegal consideration, the burden is upon the plaintiff to prove that he took it in good faith, for value, and without either actual knowledge of any infirmity in it or defect in the title of the person from whom it was transferred to him, or knowledge of such facts that his action in taking the paper amounted to bad faith.
The bills in question in the case at bar…
2Cases cited3 opinions
- State v. KellySupreme Court of Connecticut · 1904
- Ward v. Metropolitan Life InsuranceSupreme Court of Connecticut · 1895
- Farmers & Citizens' Bank v. PayneSupreme Court of Connecticut · 1857
3Cited by13 opinions
- State v. ClementeSupreme Court of Connecticut · 1974
- Taft Realty Corp. v. Yorkhaven Enterprises, Inc.Supreme Court of Connecticut · 1959
- Cooper v. CavallaroConnecticut Appellate Court · 1984
- Parsons v. Utica Cement Manufacturing Co.Supreme Court of Connecticut · 1907
- Johnson County Savings Bank v. WalkerSupreme Court of Connecticut · 1909
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