Legal Opinion
Federal Reserve Bank v. . Duffy
Supreme Court of North Carolina
Decided November 4, 1936PublishedCited by 14 opinions
1Opinion of the CourtDevin, J.
Defendants earnestly contend that under the circumstances of this case the action of the Federal Reserve Bank in taking and discounting the note in suit was in-bad faith; that the paper itself was one ineligible for discount under the provisions of the Federal Reserve Act and the rules and regulations of the Federal Reserve Bank, and that plaintiff is not entitled to the position of holder in due course so as to deprive these defendants of the right of set-off to the amount of their deposit in the First National Bank of New Bern.
Defendants’ views were fully set out in prayers for instructions…
2Cases cited9 opinions
- National Bank v. MatthewsSupreme Court of the United States · 1879
- First Nat. Bank of Charlotte v. National Exchange Bank of BaltimoreSupreme Court of the United States · 1876
- Thompson v. Saint Nicholas National BankSupreme Court of the United States · 1892
- Kerfoot v. Farmers' and Merchants' BankSupreme Court of the United States · 1910
- Commercial Bank v. BurgwynSupreme Court of North Carolina · 1892
4 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- In Re ParmalatDistrict Court, S.D. New York · 2005
- Armano v. Federal Reserve Bank of BostonDistrict Court, D. Massachusetts · 1979
- Lee Construction Co. v. Federal Reserve Bank of RichmondDistrict Court, D. Maryland · 1982
- Solon Lodge No. 9 Knights of Pythias Co. v. Ionic Lodge Free Ancient & Accepted, Masons No. 72 Co.Supreme Court of North Carolina · 1957
- In Re Parmalat Securities LitigationDistrict Court, S.D. New York · 2009
9 more not listed; retrieve them via the Exa API.