Wadford v. . Gillette

Two questions of law are presented for determination: 1. What is the legal status of a negotiable note executed by an insane person and secured by deed of trust upon the property of such person, when the payee in the note and the trustee in the deed of. trust had no knowledge of the mental incapacity of the maker of said note or of the grantor in said deed of trust, and when the entire transaction was in good faith and free from fraud?

2.Is such a note enforceable by a holder in due course?

The evidence supporting the findings of fact by the referee is not included in the record, but the trial…