Citizens' Bank v. Strauss

This is a suit by a third holder against the maker of a promissory note, to which the defense is that the plaintiff is not the bona fide holder, but is suing for the benefit of the payer, against whom the defendant has a valid defense, to wit: want of legal consideration, in this, that defendant and the payer, S. Friedlander, as partners, purchased certain State warrants which were discovered to be forged and worthless, and by agreement the interest therein of said Friediander was transferred to defendant, for which the note in suit, with others, was given. The case was tried before a jury,…