Supreme Court of Pennsylvania July 1, 1863 (Wilson v. Mechanics' Savings Bank ex rel. Park)

The opinion of the court was delivered,

by

THOMPSON, J.

A person who takes a bill or note after it is due, takes it subject to all objections in respect of want of consideration or illegality, and all other objections and equities affecting the instrument itself, and to which it was liable in the hands of the person from whom he takes it: Chitty & Hulme on Bills 217.