Central Bank of Brooklyn v. . Hammett
New York Court of Appeals
Appeal from the judgment of the General Term of the Supreme Court in the second judicial department, affirming a judgment in favor of plaintiff, entered upon a verdict This action is brought upon a' bill of exchange, drawn by the defendants on and accepted by Balch & Co., payable to the order of the plaintiff, dated October 31st, 1868, at four months.
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Appeal from the judgment of the General Term of the Supreme Court in the second judicial department, affirming a judgment in favor of plaintiff, entered upon a verdict This action is brought upon a' bill of exchange, drawn by the defendants on and accepted by Balch & Co., payable to the order of the plaintiff, dated October 31st, 1868, at four months. Balch & Co. were indebted to the defendants, and the defendants drew the draft and delivered it to the defendants on account of such indebtedness, and for the purpose of enabling the defendants to have it discounted for their ownben.efit. The…
1Per curiam
The plaintiff clainis to recover as a bona fide holder for value of the bill in suit. A bona fide holder of negotiable paper is one who has acquired the title in good' faith for a valuable consideration from one capable of transferring it, or from one in possession of the paper with an apparent right to transfer it, and without notice of any defect in his title or right to transfer. One who obtains the transfer of negotiable paper before maturity, and for full value, without notice of any defect in the title of the apparent owner, acquires and has all the rights of a bona fide holder, by…
2Cases cited2 opinions
- Belmont Branch of State Bank of Ohio v. HogeNew York Court of Appeals · 1866
- Hoge v. . LansingNew York Court of Appeals · 1866
3Cited by9 opinions
- Auten v. United States Nat. Bank of NYSupreme Court of the United States · 1899
- Ledwich v. . McKimNew York Court of Appeals · 1873
- Weber Showcase & Fixture Co. v. WaughDistrict Court, W.D. Washington · 1930
- Colson v. . ArnotNew York Court of Appeals · 1874
- Wormer & Sons v. Waterloo Agricultural WorksSupreme Court of Iowa · 1878
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