Merchants' Loan & Trust Co. v. Bank of the Metropolis

Citations

• 7 Daly 137

Syllabus

<p>2nan action against a bank, on its certification of a check in the hands of an innocent holder for value, it is no defense that the check was procured from the maker without value, and by fraud, or that the name inserted by the maker, to ■designate the payee is fictitious, if the person whom the maker intended should under that name be paid under that name procures the certification, and under that name, and by the aid of that certification, procures the plaintiffs’ money.</p> <p>The statute as to notes made payable to the order of a fictitious person, considered and discussed.</p>