Federal National Bank v. Shoolman

In this action on a promissory note of the defendant, payable to the Metropolitan Trust Company, there was a finding for the plaintiff. It was found that *192there was a good consideration for the note, that the Metropolitan Trust Company was a holder in due course, that it transferred the note to the Federal Trust Company for value, that the plaintiff is the successor of the Federal Trust Company under the laws of the United States. There was no indorsement on the note.

The assets of the Metropolitan Trust Company were purchased by the Federal Trust Company. The note in suit was among the assets…