Summary

Holder of bill without notice of any defect taking advantage of s. 27(2)Bills of Exchange Act 1882 as holder in due course

Facts

The holder of a bill of exchange without notice of any defect in the title of the person who negotiated the bill to him could take advantage of s.27(2)Bills of Exchange Act 1882 to show that he was a holder for value and therefore a holder in due course within s.29(1) of the Act.

Held