Hansen v. Hoffman

Citations

• 5 Wash. 792
• 32 P. 747
• 1893 Wash. LEXIS 69

Syllabus

<p>. NEGOTIABLE INSTRUMENTS—FRAUDULENT TRANSFER — BONA FIDE HOLDER.</p> <p>Although one may fraudulently procure the assignment of anote and mortgage to himself and transfer them to a third person as security for a loan, yet such third person stands in the position of a bona fide holder for value to the extent of the money advanced on such security, when he is ignorant of the fraud, even if the character and value of the security may have been such as to arouse the suspicion of a prudent business man.</p>