Leduc v. . Moore

Shepherd, J.:

James I. Moore executed a promissory note to E. F. Moore, who, for value, and before maturity, endorsed it, for his own benefit, to the plaintiff bank. The said E. F. Moore was the president of the bank, and he, together with the cashier, by the custom of the bank, alone constituted its discount committee. The said Moore actually participated as a member of such committtee in the discounting of said note. The question presented, is whether the bank is affected with notice of any defence existing in favor of the maker as against the payee at the time or before notice of the…