Union Bank and Trust Co. v. Polkinghorne

MEMORANDUM OPINION

BAILEY, Judge:

Appellant John G. Polkinghorne (Appellant or Polkinghorne) seeks review of the Trial Court’s order granting summary judgment to Appellee Union Bank and Trust Company (Appellee or Bank) in Bank’s action to recover on a negotiable instrument, a check. The Trial Court found no factual controversy as to Bank’s status as a holder of the check in due course, i.e., taken for value, in good faith, and without notice of claims or defenses, and granted judgment to Bank.

Polkinghorne invested in a venture to be operated by Professional Training Resources (PTR), a customer…