Neill v. Central Nat. Bank
This text of 78 So. 73 (Neill v. Central Nat. Bank) is published on Counsel Stack Legal Research, covering Supreme Court of Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
“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 knowledge of such facts that his action in taking the instrument amounted to bad faith.” Code, § 5011; Elmore Bank v. Avant, supra.
The correspondence between the cashier and Sample did not disclose anything which even indicated any infirmity in the note in question or .which showed bad faith upon this bank in purchasing the same without making inquiry of the maker. The correspondence could not have related to the note in question, or to a batch of notes to which it belonged and with which it was purchased, as the Sample note was dated May 13th, the letters May 23d and 25th, and the note in question was not executed until June 19th.
The judgment of the circuit court is affirmed.
Affirmed.
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Cite This Page — Counsel Stack
78 So. 73, 201 Ala. 297, 1917 Ala. LEXIS 5, Counsel Stack Legal Research, https://law.counselstack.com/opinion/neill-v-central-nat-bank-ala-1917.