Traders Security Co. v. Clay

It is urged that the court erreu in not directing the jury to find for the plaintiff and that the verdict is against the manifest weight of the evidence. The bills of exchange were endorsed without recourse, this being known as a qualified or restrictive endorsement. There was evidence tending to show that on September 28, 1928, Blackstad Inc. was the holder of the bills of exchange sued upon, and that on September 29, 1928, the defendant notified Blackstad Inc. of the repudiation of the contract by reason of the alleged fraud, failure of consideration and misrepresentation, and that on…