D'Oench doctrine
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 315 U.S. 447 - D'Oench, Duhme & Co. v. Federal Deposit Insurance · 1942Most cited · 4,097 citing opinions
The test is whether the note was designed to deceive the creditors or the public authority or would tend to have that effect. It would be sufficient in this type of case that the maker lent himself to a scheme or arrangement whereby the banking authority on which respondent relied in insuring the bank was or was likely to be misled.