Continental Guaranty Corp. v. Smoke

1. Where a negotiable promissory note is payable in installments in certain definite amounts upon various consecutive dates, and before the payment and maturity of any of the installments the payee, without the knowledge of the maker, transfers the note to another and the maker thereafter continues to pay to the payee a number of the installments as they fall due, which the payee transmits to the transferee, who accepts the same in payment of the installments due, such a course of dealing is sufficient to authorize the inference that the transferee of the note had constituted the payee the…