First National Bank v. Dikeman

Citations

• 96 Kan. 765
• 153 P. 559
• 1915 Kan. LEXIS 488

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Promissory Note — Holder in Due Course — Knowledge of Bank’s Cashier. A bank which buys a negotiable note is not prevented from becoming a holder in due course by the fact that its cashier, through whom the purchase is made, was a director of the bank to which the note was given, at the time of its execution, he having no actual notice of any defect or defense.</p> <p>2. Same. Nor is such bank prevented from becoming a holder in due course by the fact that its cashier knew the note was given as the result of a settlement between the maker and payee, and that knowing of the pendency of negotiations to that end he had agreed with the payee to purchase the note.</p>