Re: previous post brought up something to ask on laws

Posted by computerguy (204.180.131.3) on June 23, 2004 at 08:10:00:

In Reply to: previous post brought up something to ask on laws posted by catb on June 23, 2004 at 00:25:25:

Don't know if this pertains, but I happen to find this in the Cornforth book on void judgments.

A note void in the hands of the payee, because obtained by him of the maker by fraud, is collectible in the hands of a subsequent bona fide holder who has taken it before maturity for value; but if such holder has paid on such transfer a less sum than the amount of the note, he can only recover the amount which he, or some prior holder through whom he derives title, has paid for it. HOLCOMB v. WYCKOFF. 1870 WL 5231 (N.J. Sup.).

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