Young v. Harris-Cortner Co.

It is said that, notwithstanding the false recitations in the receipts, 'the defendants are nevertheless holders in due Course for value, since the evidence does not show that they acquired said receipts “dishonestly.”

We can conceive how the defendants might have acquired these receipts in good faith, notwithstanding they knew that they contained false statements. Hence the bare abstract statement that the defendants did not acquire said receipts in good faith, because of their knowledge of their false recitations, was not correct. But, when such false recitations are considered in connection…