BILLS AND NOTES-INDORSEE TAKING AN INCOMPLETE INSTRUMENT AS A HOLDER IN DUE COURSE

Authors

Cleaveland J. Rice S.Ed., University of Michigan Law SchoolFollow

Abstract

Plaintiff purchased from the payee defendant's note which was blank as to amount, date, and provisions for installment payments. Plaintiff immediately filled up the blanks in accordance with actual authority given by defendant. Held, plaintiff took free of an agreement between defendant and payee that the note was not to be negotiated until completion of work for which note was given, plaintiff having no knowledge of such agreement. First National Bank of Springfield v. Di Taranto, (N.J. Super. Ct., App. Div. 1950) 75 A. (2d) 907.

Recommended Citation

Cleaveland J. Rice S.Ed., BILLS AND NOTES-INDORSEE TAKING AN INCOMPLETE INSTRUMENT AS A HOLDER IN DUE COURSE, 49 Mich. L. Rev. 1060 (1951).
Available at: https://repository.law.umich.edu/mlr/vol49/iss7/7