COLLINS v. GILBERT


94 U.S. 753 (1876)

COLLINS v. GILBERT.

Supreme Court of United States.


Attorney(s) appearing for the Case

Argued by Mr. Richard T. Merrick for the plaintiff in error, and by Mr. Hill Burgwin for the defendants in error.


MR. JUSTICE CLIFFORD delivered the opinion of the court.

Transferees of a negotiable instrument, such as a bill of exchange or promissory note payable subsequent to its date, hold the instrument clothed with the presumption that it was negotiated for value in the usual course of business at the time of its execution, and without notice of any equities between the prior parties to the instrument.

Instruments of the...

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