Second National Bank v. Hoffman
Second National Bank v. Hoffman
Opinion of the Court
Opinion by
When this case was here before, at October Term, 1910, on appeal by the defendant from the judgment against him on the verdict directed for the plaintiff, a new trial was awarded, for the sole reason that the jury should have been permitted to determine whether the plaintiff had shown by the testimony of its cashier that it had taken the note in suit in good faith and for value, without any notice of the fraud which had been perpetrated by John M. McKee upon the defendant in procuring his indorsement of it: Second National Bank v. Hoffman, 229 Pa. 429. The facts there stated reappeared on the second trial and need not be repeated here, though we are called upon to again say that the note was unquestionably delivered to the bank in payment of the balance due on the old obligation, and not merely as collateral for a pre-existing debt.
We cannot agree with the statement of the learned trial judge, in his opinion refusing judgment for the plaintiff non obstante veredicto, that the testimony on the second trial upon the vital point in the case was substantially the same as on the former trial. On that trial the only person called by the plaintiff, to relieve itself of the bur
Reference
- Full Case Name
- Second National Bank of Pittsburg v. Hoffman
- Cited By
- 14 cases
- Status
- Published
- Syllabus
- Promissory notes — Indorser—Fraud—Evidence—Banks and banking — Cashier. In an action by a bank against the indorser of a promissory note, where the defendant shows that the note was procured from him by the fraudulent act of the maker, but it is shown by the testimony of the bank’s own cashier, by that of the maker called as a witness by defendant, and by the admission of the defendant, that the bank had no knowledge of the fraud, it is reversible error for the trial court to submit the question of the bank’s knowledge of the fraud to the jury. If it does so, and a perverse and unwarranted verdict is returned in favor of the defendant and judgment entered thereon, the judgment will be reversed on appeal, with direction that the record be remitted, and judgment entered by the court below for the plaintiff non obstante veredicto.