Farmers State Bank v. Betcher

Citations

• 115 Wash. 327
• 197 P. 15
• 1921 Wash. LEXIS 725

Syllabus

<p>Bills and Notes (141)—Actions—Sufficiency of Evidence—Good Faith and Payment of Value. A bank, purchasing a note at a discount of five per cent, is shown to have been a bona fide purchaser, where it appeared that it bought for value before maturity and from a reputable citizen without notice of any defense, that its officers knew the maker by general reputation and believed he was financially good; and the discount was even not a circumstance tending to show bad faith, where it was in accordance with the bank’s custom.</p>