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LOUISVILLE CREDIT MEN'S ASS'N v. MOTORS INVESTMENT CO.

394 S.W.2d 760 (1965)

LOUISVILLE CREDIT MEN'S ASSOCIATION et al., Appellants, v. MOTORS INVESTMENT COMPANY, Inc. et al., Appellees.

Court of Appeals of Kentucky.

As Modified on Rehearing October 8, 1965.

Attorney(s) appearing for the Case

Carl K. Helman, William B. Cohen, Herman E. Frick, Louisville, for appellants.

Joseph E. Stopher, A. J. Deindoerfer, Charles I. Dawson, Louisville, for Motors Investment Co., Inc.

Rucker Todd, Louisville, for Louisville Trust Co., Executor of Estate of Charles Patrick, deceased.

O. Grant Bruton, Louisville, for First Nat. Lincoln Bank of Louisville.

STEWART, Judge.

The essential question presented for determination in this appeal is whether under the evidence introduced appellee, Motors Investment Company, was a holder in due course of two checks.

Between 1948 and 1957 Charles Patrick was the president and manager of appellee, Motors Investment Company, and the manager of Charles Patrick Insurance Service, two corporations controlled by V. V. Cooke of Louisville. In March, 1958, Patrick resigned as President...

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