Old National Bank v. Gibson

Citations

• 105 Wash. 578
• 179 P. 117

Syllabus

<p>Bills and Notes (66, 68)—Checks—“Holder in Due Course”— Conditional Deposit. A bank which received a check for collection on a conditional credit,,and honored the depositor’s checks exhausting his balance, including the deposited check, thereby becomes a holder in due course, under Rem. Code, §§ 3417 and 3418, providing that a holder is deemed a holder for value where value has at any time been given for the instrument, or, if he has a lien thereon, by contract or implication of law, to the extent of such lien (Mackintosh, Fullerton, Main, and Mitchell, JJ., dissenting).</p>