Houston v. McCaslin

Citations

• 65 Pa. Super. 28
• 1916 Pa. Super. LEXIS 11

Syllabus

<p>Promissory notes — Equities—Notice—Collateral security.</p> <p>In an action by the holder against the makers of a negotiable promissory note, binding instructions for the plaintiff are proper where it is affirmatively shown by him that he was an innocent holder for value, before maturity and without notice of the equities between tbe original parties, and this is neither questioned nor denied, and where the only defense is that the plaintiff, having taken the note, not for cash, but as collateral security, was therefore subject to the equities between the original parties.</p>