Tollman v. Quincy

Citations

• 129 F. 974
• 1904 U.S. App. LEXIS 4787

Syllabus

<p>1. Accommodation Note — Diversion—Holder for Value.</p> <p>Where defendant’s note was transferred to plaintiff before maturity in settlement of a pending suit, plaintiff’s counsel being told that it had been given by the maker to the payee in settlement of an account between them, plaintiff was a bona fide holder for value, and it was therefore no defense that the note was accommodation paper, or that it had been diverted.</p>