The title of a person who negotiates an instrument is defective within the meaning of this act when he obtained the instrument, or any signature thereto, by fraud, duress or force and fear or other unlawful means, or for an illegal consideration or when... The New York Supplement - Page 4961903Full view
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Kentucky. Court of Appeals, James Hughes, Achilles Sneed, Martin D. Hardin, George Minos Bibb, Alexander Keith Marshall, William Littell - 1916
...instrument or any signature thereto by fraud, duress, or force and fear, other unlawful means, or for illegal consideration, or when he negotiates it in breach of faith, or under circumstances as amount to a fraud. Section 56 defines notice of infirmity in an instrument or defect...
...thereto by fraud, duress, force, or other unlawful means or for an illegal consideration, but also "when he negotiates it in breach of faith or under such circumstances as amount to a fraud." Since the title of the payee, who negotiated the note, was defective, it was held that under Section...
...same signification as it has in Anglo-American law. To charge a person with bad faith there must exist actual knowledge of the infirmity or defect or knowledge of such facts as to put him on notice. See N. L L. s. 56 and BEA s. 90. In Germany the term is equivalent to "a conviction,...
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