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Banking and Finance Law

Michigan Law Review

Journal

1931

Promissory notes

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Full-Text Articles in Law

Bills And Notes-Payee As Holder In Due Course Apr 1931

Bills And Notes-Payee As Holder In Due Course

Michigan Law Review

In an action by the payee against the insane accommodation maker of a promissory note, the court held that the payee is presumed to be a holder in due course. F. S. Royster Guano Co. v. Sherman (N. J. 1930) 151 Atl. 382.