Lawton v. Walker’s Empirical Analysis
1986
Citation profile
3 federal appellate · 8 state decisions
Relationships
Relies on Breslin v. New Jersey Investors, Inc. · Moore v. Potomac Savings Bank · City National Bank v. Hundley · National Bank v. American Bank & Trust Co. · Baach v. Bank of Pocahontas
Most-quoted passages
The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 18 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“[Subsection (3) ] covers a few situations in which the purchaser takes the instrument under unusual circumstances which indicate that he is merely a successor in interest to the prior holder and can acquire no better rights.... Subsection (3)(c) applies to bulk purchases lying outside the ordinary course of business of the seller. It applies, for example, when a new partnership takes over for value all of the assets of an old one after a new member has entered the firm, or to a reorganized or consolidated corporation taking over in bulk the assets of a predeeessor. It has particular application to the purchase by one bank of a substantial part of the paper held by another bank which is threatened with insolvency and seeking to liquidate its assets.”
1 later decision quote this exact passage · from the majority“[g]ood faith does not encompass a concept of negligence; the test is a subjective one. An act is deemed to be done in good faith, within the meaning of the UCC, if it is done honestly .... Under this test, good faith is determined by looking to the mind of the particular holder who asserts that he is a holder in due course ....”
1 later decision quote this exact passage · from the majoritye.g. White v. Gilliam“(a) for value; and (b) in good faith; and (c) without notice that it is overdue or has been dishonored or of any defense against or claim to it on the part of any person.”
1 later decision quote this exact passage · from the majority
How this case has been treated — in progress
Whether each later court followed, distinguished, criticized, or overruled this decision. The treatment classification (task #35) runs highest-cited cases first and lights up here as it reaches this one.