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CHEM. BANK v. HASKELL

51 N.Y.2d 85 (1980)

Chemical Bank of Rochester, Appellant, v. John Haskell, Respondent. (Action No. 1.) Paddy Chayefsky, as a Limited Partner in Quarry Square Associates, Individually and on Behalf of All Others Similarly Situated, Respondent, v. Chemical Bank of Rochester, Appellant. (Action No. 2.) Halsey F. Sherwood et al., as Limited Partners in Quarry Square Associates, Individually and on Behalf of All Others Similarly Situated, Respondents, v. Chemical Bank of Rochester, Appellant. (Action No. 3.)

Court of Appeals of the State of New York.

Decided October 9, 1980.

Attorney(s) appearing for the Case

Richard B. Callen for appellant.

Frank A. Aloi for respondents.

Chief Judge COOKE and Judges JASEN, GABRIELLI, JONES, FUCHSBERG and MEYER concur.

WACHTLER, J.

The issue on this appeal is whether the plaintiff Chemical Bank of Rochester (Chemical) acquired the status of a holder in due course as to several notes executed by defendants Paddy Chayefsky, John Haskell, Halsey F. Sherwood and Arthur Giliotti. The trial court held in these three related cases, that Chemical was a holder in due course and in that capacity took the notes free of all defenses raised...

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