 Every holder is deemed prima facie to be a holder in due course ; but when it is shown that the title of any person who has negotiated the instrument was defective, the burden is on the holder to prove that he or some person under whom he claims acquired...  Annual Report of the Illinois State Bar Association - Page 106by Illinois State Bar Association - 1899Full view - About this book
 | Law reports, digests, etc - 1923 - 924 pages
...section 3140 of the same code provides that "when it is shown that the title of any person who has negotiated the instrument was defective the burden...person under whom he claims acquired the title as holder in due course." Inasmuch as it is alleged in the complaint that the title of the defendant Guarantee... | |
 | Electronic journals - 1927 - 604 pages
...aforesaid ; but when it is shown that the title of any person who has negotiated such instrument is defective, the burden is on the holder to prove that...under whom he claims acquired the title as a holder for value and without notice as aforesaid. "These instruments were all once non-negotiable. See Dixon... | |
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