(Download) "Bank Of America V. Barnett" by Arizona Supreme Court # eBook PDF Kindle ePub Free

August 01, 2021

eBook details

Title: Bank Of America V. Barnett
Author : Arizona Supreme Court
Release Date : January 13, 1960
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 57 KB

Description

This is a consolidated appeal by the Bank of America, National Trust and Savings Association (hereinafter called "the Bank") from judgments dismissing its several actions to recover on sixteen negotiable promissory notes executed by the individual appellees. Each of the appellees, and his spouse, executed a separate note and all of them maintain the same position on this appeal. The Superior Court of Pima County, after a consolidated trial before the court without a jury, held that the Bank was not a holder in due course of any of the notes which it accepted after it had learned that the consideration for the notes had failed, and held, further, that as the Bank acquired the notes through endorsement by a foreign corporation which had not qualified to do business in Arizona, the notes were void and recovery could not be had thereon.