[Download] "Connecticut Fire Ins. Co. v. Commercial Nat. Bank of San Antonio" by Fifth Circuit Circuit Court Of Appeals " Book PDF Kindle ePub Free
eBook details
- Title: Connecticut Fire Ins. Co. v. Commercial Nat. Bank of San Antonio
- Author : Fifth Circuit Circuit Court Of Appeals
- Release Date : January 10, 1937
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 73 KB
Description
The plaintiff-appellant, Connecticut Fire Insurance Company, sued Commercial National Bank of San Antonio for three $5,000 Liberty bonds which had been stolen from the mails in Chicago and which by subrogation and assignment had become the property of the insurer who is suing. They were, of course, negotiable and unmatured, and value was paid by the Bank. Its defense of bona fide holder for value without notice was sustained by direction of the verdict. The questions were and are whether the Banks title is affected by the bad faith of its president who bought the bonds for it, and if so whether the evidence reasonably supports the theory that he knew or believed the bonds to be stolen and was in a conspiracy to share the proceeds with the thieves.