The law of bills, notes and checks . /]n tfi. ^/f-^ji9^jo^..^^^y^J/ /^yjf.^^T^y ^t». /^r^ ^^: ^;>;.y-^^^-^^-~—^>. J^ {INDORSED) MOON & CLARKWILLIAM S. MOON Where a partner makes a promissory note in his own name, payableto the order of the firm, indorses the name of the firm on the note, andrequests a bank to discount the note and place the proceeds of his discountto his personal credit on the books of the bank, the bank has notice of suchirregularity as imposes on it the duty of inquiry as to whether the makerhad authority from the firm to indorse the note with the firm name andpro
The law of bills, notes and checks . /]n tfi. ^/f-^ji9^jo^..^^^y^J/ /^yjf.^^T^y ^t». /^r^ ^^: ^;>;.y-^^^-^^-~—^>. J^ {INDORSED) MOON & CLARKWILLIAM S. MOON Where a partner makes a promissory note in his own name, payableto the order of the firm, indorses the name of the firm on the note, andrequests a bank to discount the note and place the proceeds of his discountto his personal credit on the books of the bank, the bank has notice of suchirregularity as imposes on it the duty of inquiry as to whether the makerhad authority from the firm to indorse the note with the firm name andprocure its discount for his personal use. The fact that a firm note is given by one of the partners without theknowledge or consent of the other for goods sold to him personally ispresumptive evidence of want of authority to bind the other membersof the firm, and if the person taking knows the fact at the time, he ischargeable with notice of such want of authority. Union N. & B. Co. v. Doherty, 20 Misc. 23. The same rule applies whe
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