Standard Acceptance Corp. v. Chapin

The plaintiff sues upon a promissory note dated June 11, 1930, made by the defendant payable to the order of The Maykel Automobile Company and indorsed without recourse by the payee to the plaintiff for value. At the trial the judge denied' a motion to direct a verdict for the plaintiff; the jury found for the defendant, and answered “Yes” to the question: “Did the plaintiff at the time of the negotiation of the note in suit have knowledge of such facts that its action in taking the note amounted to bad faith?” Under leave reserved, pursuant to G. L. c. 231, § 120, the judge subsequently…