CHANROBLES VIRTUAL LAW LIBRARY
US LAWS, STATUTES and CODES : Chan Robles Virtual Law Library USA Supreme Court Decisions | Resolutions : Chan Robles Virtual Law Library

ChanRobles™ Virtual Law Library™ | chanrobles.com™   
Main Index Repository of Laws, Statutes and Codes Latest Philippine Supreme Court Decisions Chan Robles Virtual Law Library Latest Legal Updates Philippine Legal Resources Significant Philippine Legal Resources Worldwide Legal Resources Philippine Supreme Court Decisions United States Legal Resources United States Supreme Court Jurisprudence ChanRobles LawTube - Social Network

ChanRobles Internet Bar Review : www.chanroblesbar.com DebtKollect Company, Inc. - Debt Collection Firm Intellectual Property Division - Chan Robles Law Firm

Philippine Supreme Court DecisionsChanRobles On-Line Bar Review

google search for chanrobles.comSearch for www.chanrobles.com


UNITED STATES V. NATIONAL EXCHANGE BANK, 270 U. S. 527 (1926)

Subscribe to Cases that cite 270 U. S. 527 RSS feed for this section

U.S. Supreme Court

United States v. National Exchange Bank, 270 U.S. 527 (1926)

United States v. National Exchange Bank of Baltimore

No. 222

Argued March 16, 1926

Decided April 12, 1926

270 U.S. 527

Syllabus

1. A drawee of a check or draft who is also the drawer is held, in paying it, to a knowledge of the true amount, and if, by mistake, chanroblesvirtualawlibrary

Page 270 U. S. 528

he pay to a bona fide holder for value without notice a larger amount to which the paper has been fraudulently raised, he cannot recover the difference from such holder. P. 270 U. S. 533.

2. This rule is applicable to the United States.

So held where a check was drawn on the Treasurer of the United States by a disbursing clerk of the Veterans' Bureau, raised and negotiated by the payee, and in due course taken and paid for at its fraudulent face by the defendant bank, which collected the same amount from the United States.

1 F.2d 888 affirmed.

Error to a judgment of the circuit court of appeals affirming a judgment for the bank in an action by the United States to recover the difference between the amount to which a check paid by it had been fraudulently raised and the amount for which it was drawn. chanroblesvirtualawlibrary

Page 270 U. S. 533





Back
ChanRobles™ LawTube

google search for chanrobles.com Search for www.chanrobles.com


Supreme Court Decisions Philippine Supreme Court DecisionsUS Supreme Court Decisions



www.chanrobles.us




QUICK SEARCH

cralaw

Browse By ->> Volume


cralaw

Browse By ->> Year


cralaw

  Copyright © ChanRobles Publishing Company | Disclaimer | E-mail Restrictions
ChanRobles™ Virtual Law Library | chanrobles.com™
 
RED