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" To constitute notice of an infirmity in the instrument or defect in the title of the person negotiating the same, the person to whom it is negotiated must have had actual knowledge of the infirmity or defect, or knowledge of such facts that his action... "
McMaster's Commercial Decisions Affecting the Banker and Merchant [from the ... - Page 130
by James Smith McMaster - 1906
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American Law and Procedure, Volume 7

James Parker Hall, James De Witt Andrews - Law - 1910
...notice of any infirmity in the instrument or defect in the title of the person negotiating it. Sec. 56. To constitute notice of an infirmity in the instrument...action in taking the instrument amounted to bad faith. 108. Constructive notice. The rule stated above is the general one, but it is limited by the doctrine...
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The Law of Negotiable Instruments: Statutes, Cases and Authorities

Ernest Wilson Huffcut - Negotiable instruments - 1910 - 885 pages
...(See Bell's Principles, 9th ed., 12.) " Coalmen, p. 92. 95. What constitutes notice of defect. To constitute notice of an infirmity in the instrument...his action in taking the instrument amounted to bad faith.22 96. Rights of holder in due course. A holder in due course holds the instrument free from...
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The Northwestern Reporter, Volume 122

Law reports, digests, etc - 1910
...Ann. St. 1907, supra, provides that: "To constitute notice of au infirmity in the instrument or defect in the title of the person negotiating the same, the...action in taking the instrument amounted to bad faith." The statute, in our judgment, in no manner relaxes the rule of law decided in the cited cases. Of course,...
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Reports of Civil and Criminal Cases Decided by the ..., Volume 2; Volume 150

Kentucky. Court of Appeals, James Hughes, Achilles Sneed, Martin D. Hardin, George Minos Bibb, Alexander Keith Marshall, William Littell, Thomas Bell Monroe, John James Marshall, James Greene Dana, Benjamin Monroe, James P. Metcalfe, Alvin Duvall, William Pope Duvall Bush, John Rodman, Edward Warren Hines, Charles Cyrus Turner, Thomas Lewis Edelen, Thomas Robert McBeath, Robert G. Higdon, T. M. Jones, Amos Hall Eblen - Law reports, digests, etc - 1912
...sufficient to show that Ham is not a bona fide purchaser. Section 56 of the Negotiable Instrument Act is as follows : "To constitute notice of an infirmity...action in taking the instrument amounted to bad faith." Under this statute the mere fact that the purchaser takes the note at a large discount is not sufficient,...
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Reports of Civil and Criminal Cases Decided by the ..., Volume 16; Volume 123

Kentucky. Court of Appeals, James Hughes, Achilles Sneed, Martin D. Hardin, George Minos Bibb, Alexander Keith Marshall, William Littell, Thomas Bell Monroe, John James Marshall, James Greene Dana, Benjamin Monroe, James P. Metcalfe, Alvin Duvall, William Pope Duvall Bush, John Rodman, Edward Warren Hines, Charles Cyrus Turner, Thomas Lewis Edelen, Thomas Robert McBeath, Robert G. Higdon, T. M. Jones, Amos Hall Eblen - Law reports, digests, etc - 1908
...person negotiating the same, the person to whom it is negotiated must have had actual knowledge or' the infirmity or defect, or knowledge of such facts...action in taking the instrument amounted to bad faith. "Sec. 57. A holder in due course holds the instrument free from any defect of title of prior parties...
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Reports of Civil and Criminal Cases Decided by the Court of ..., Volume 163

Kentucky. Court of Appeals, James Hughes, Achilles Sneed, Martin D. Hardin, George Minos Bibb, Alexander Keith Marshall, William Littell - Law reports, digests, etc - 1915
...course, unless the note was obtained by false representations and Edelen had actual knowledge thereof or knowledge of such facts that his action in taking the instrument amounted to bad faith ; and the court should, in substance, so instruct the jury. Judgment reversed and cause remanded for...
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Reports of Cases Decided in the Supreme Court of the State of ..., Volume 24

North Dakota. Supreme Court, Hiram A. Libby, Robert Milligan Carothers, Robert Dimon Hoskins, Edgar Whittlesey Camp, John McDowell Cochrane, Ames Francis Wilbur, Joseph Coghlan, Edwin James Taylor - Court rules - 1914
...necessary to defeat recovery and render a purchaser not a holder in due course, by the following provision: "To constitute notice of an infirmity in the instrument...action in taking the instrument amounted to bad faith." Is it necessary that this director and president, of the defrauding institution shall have had "actual...
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American law reports annotated, Volume 15

1921
...his individual account, cannot be a bona fide holder thereof so as to require actual knowledge of an infirmity or defect, or knowledge of such facts that...action in taking the instrument amounted to bad faith, as required by 56 (Mo. Rev. Stat. 1909, 10,026) of the Negotiable Instruments Law. St. Charles...
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Annual Report of the Pennsylvania Bar Association, Volume 5

Pennsylvania Bar Association - Bar associations - 1899
...when he negotiates it in breach of faith, or under such circumstances as amount to a fraud. SEC. 56. To constitute notice of an infirmity in the instrument...action in taking the instrument amounted to bad faith. SEC. 57. A holder in due course holds the instrument free from any defect of title of prior parties,...
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Minnesota Reports: Cases Argued and Determined in the Supreme ..., Volume 142

Minnesota. Supreme Court - Law reports, digests, etc - 1920
...instrument * * * the person to whom it is negotiated must have had actual knowledge of the infirmity * * * or knowledge of such facts that his action in taking the instrument amounted to bad faith." GS 1913, 5868. This is not different from the rule that obtained before the enactment of the statute....
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