Central Acceptance Corp. v. Bradfield

It is provided in part of Sec. 8170 G.C. as follows:

“Every person negotiating an instrument by delivery or by a qualified in-dorsement warrants:

“1. That the instrument is genuine and in all respects what it purports to be.

“2. That he has a good title to it.

“3. That all prior parties had capacity to contract.”

Two things are to be noted in the above; first, that every person negotiating an instrument by delivery or by a qualified endorsement warrants that the instrument is genuine and in all respects what it purports to be. In the instant case the endorsement was qualified. It was without…