Case ID: mo_27/html/0440-01.html
Source: Caselaw Access Project
Author: {"author": "Scott, Judge,", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

Jaccard et al., Respondents, v. Shands, Appellant.
    1. Fraud in the consideration of a negotiable promissory note is no defence to an action thereon by an endorsee to whom the same was endorsed before maturity without notice.
    
      Appeal from St. Louis Court of Common Pleas.
    
    
      H. N. Hart, for appellant.
   Scott, Judge,

delivered the opinion of the court.

This is an action on a negotiable promissory note endorsed to the plaintiffs before maturity. The defence is fraud in the consideration, and failure of consideration. Nothing is clearer than that such a defence is wholly inadmissible against the endorsee of a negotiable note, endorsed before maturity. The court very properly overruled the instruction asked by the defendant.

The other judges concurring, the judgment will be affirmed.