Acme Finance Co. v. Monohon

This action is founded on two negotiable instruments, made by Lee Monohon, that were transferred by the payee before maturity to the plaintiff, Acme Finance Company, Inc., a corporation.

The defenses interposed were plain, legal defenses, consisting of lack of consideration and of fraudulent representations inducing the execution and delivery of the instruments, of which infirmities, it was alleged, the plaintff had knowledge. The prayer to the answer asked, among other things, a cancellation of the instruments, which were already past due when the action was commenced.

Trial by jury, demanded…