Bennett v. CIT Bank, N.A.

UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ALABAMA SOUTHERN DIVISION JEANETTE BENNETT, et al., ] ] Plaintiffs, ] ] v. ] CIVIL ACTION NO. ] 2:18-CV-00852-KOB CIT BANK, N.A., et al., ] ] Defendants. ] MEMORANDUM OPINION In 1846, Chief Justice John Bannister Gibson of the Pennsylvania Supreme Court pithily described a negotiable instrument as a “courier without luggage.” Overton v. Tyler,

3 Pa. 346, 347

(Pa. 1846). “It is a requisite,” he wrote, “that it be framed in the fewest possible words, and those importing the most certain and precise contract.”

Id.

In 1894, the Alabama Supreme…