Potts v. Taylor

Citations

• 140 Pa. 601
• 21 A. 443
• 1891 Pa. LEXIS 879

Syllabus

<p>(a) A negotiable note was drawn in the name of “ J. Taylor & Co., per E. Bast,” payable to the order of Bast, who had been, but prior to the date of the note had ceased to be, a member of said firm. The note was then negotiated by Bast, and the proceeds applied to his individual use: 1. The plaintiff, a customer of said firm, and a bona fide purchaser of the note before maturity, in due course of business and without notice that Bast had ceased to be a partner, was entitled to recover from the firm; and the fact that the note was drawn to the order of Bast created no duty of inquiry.</p>