Washington National Bank v. Pierce

Citations

• 6 Wash. 491
• 33 P. 972
• 1893 Wash. LEXIS 320

Syllabus

<p>BANKS AND BANKING — DISCOUNTING PROMISSORY NOTE — NOTICE OP FRAUD — EVIDENCE.</p> <p>A remark by the maker of a promissory note to the president of a bank that the note was procured by fraud and that he would not pay it, does not bind such bank, although it subsequently discounts the note, when such communication was not made to the president in his official capacity, and was not made at the bank nor with reference to the bank’s business.</p> <p>In an action by a bank upon a promissory note payable one year after date, and which had been discounted by the bank a month before maturity, it is not error for the court to sustain an objection to the question, “Is it customary in that business to discount paper that has run nearly the entire time, long time paper like this, without some inquiry? ”</p>