Bochinski v. Metropolitan Life Insurance

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that Chemical had no obligation as a purchaser of negotiable paper to investigate the financial position of the transferor or the progress of the underlying investment
• noting good faith-under the UCC. is defined as “honesty in fact in the conduct or transaction concerned”
• “good faith” is defined as “ ‘honesty in fact in the conduct or transaction concerned’ ”
• recently applying this analysis in the context of a bona fide purchaser claim under a similar provision in U.C.C. Article III
• in order to negate holder in due course status, the holder must have had actual knowledge of the defense, not just “reason to know
• testimony of the holder that it had no defense to the note was sufficient to sustain its burden on that point and to require the defendant to come forward with evidence to directly controvert the holder’s testimony

Source: CourtListener parenthetical corpus (CC0).