KWONG ON BANK, LTD. v. MONROSE KNITWEAR CORP.


74 A.D.2d 768 (1980)

Kwong On Bank, Limited, Appellant, v. Monrose Knitwear Corporation, Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

March 11, 1980


In this action on a dishonored check, the only issue of fact really attempted to be tendered by defendant is whether plaintiff bank was a holder in due course, or whether before giving value on the instrument, plaintiff had notice of any defense to the instrument. Plaintiff's officers denied they had such notice. Defendant has submitted an affidavit by an officer of defendant saying that, at a meeting with certain officers of the bank on June 23, i.e., after the bank had...

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