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question 1



The rule of decision as to which a conflict existed is that rule that a holder of a negotiable instrument, for valuable consideration, is if he takes it under an indorsement made before the same becomes due, hold the title unaffected by these acts, and may recover.  But the holder of any 
negotiable paper, before it is due, is not bound to prove that he is a bona fide holder for a valuable consideration, without notice.