Sec. 56. What constitutes notice of defect. - Act 2031

To constitutes notice of an infirmity in the instrument or defect in the title of the person negotiating the same, the person to whom it is negotiated must have had actual knowledge of the infirmity or defect, or knowledge of such facts that his action in taking the instrument amounted to bad faith. (Negotiable Instruments Law; Act 2031)

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