Crittenden v. Hoffman

Citations

• 279 Pa. 127
• 123 A. 661
• 1924 Pa. LEXIS 684

Syllabus

<p>Negotiable securities — Bonds—Stolen bonds — Notice to broker— Stock exchange tickers — Evidence—Act of May 16, 1901, P. L. 194.</p> <p>1. Where a firm of stock brokers have stock exchange tickers in their office, over which the exchange transmits notice of stolen bonds, of which it is the custom of brokers to make a record, and the firm are sued in replevin for stolen bonds, but assert that they had no actual notice that they were stolen, the question of whether they had or had not notice is for the jury.</p> <p>2. In such case, where plaintiff establishes ownership, the burden, under the Act of May 16, 1901, P. L. 194, is shifted to defendants to show that they were holders in due course without notice of any infirmity of title.</p>