New York Court of Appeals
Chemical Bank of Rochester v. John Haskell, (Action No. 1.) Paddy Chayefsky, as a Limited Partner in Quarry Square…
October 9, 198051 N.Y.2d 85
Summary
The New York Court of Appeals held that Chemical Bank of Rochester was a holder in due course of the notes, finding that its good‑faith purchase satisfied the subjective actual‑knowledge standard and that it had no actual notice of any defenses, thereby reversing the Appellate Division and remanding for entry of judgment and attorney’s fees.