Can I read CIT Corp v. Panac: Fraud Defense Ruling on EtoBox?

CIT Corp v. Panac: Fraud Defense Ruling by cathy is a document available to read on EtoBox.

What is CIT Corp v. Panac: Fraud Defense Ruling about?

Two promissory notes were executed by illiterate spouses who were defrauded by a contractor into believing they were signing a home repair contract. The Supreme Court held that fraud in the execution is a real defense against even a holder in due course because the makers were not negligent. The makers could not read English and were pressured into signing quickly without understanding or having the documents explained properly.

Author

cathy

Language

EN