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United States v. National Exchange Bank, 270 U.S. 527 (1926)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
United States v. National Exchange Bank, 270 U.S. 527 (1926)
United States v. National Exchange Bank of Baltimore No. 222 Argued March 16, 1926 Decided April 12, 1926 270 U.S. 527
ERROR TO THE CIRCUIT COURT OF APPEALS
FOR THE FOURTH CIRCUIT
Syllabus
1. A drawee of a check or draft who is also the drawer is held, in paying it, to a knowledge of the true amount, and if, by mistake, he pay to a bona fide holder for value without notice a larger amount to which the paper has been fraudulently raised, he cannot recover the difference from such holder. P. 533.
2. This rule is applicable to the United States.
So held where a check was drawn on the Treasurer of the United States by a disbursing clerk of the Veterans’ Bureau, raised and negotiated by the payee, and in due course taken and paid for at its fraudulent face by the defendant bank, which collected the same amount from the United States.
1 F.2d 888 affirmed.
Error to a judgment of the circuit court of appeals affirming a judgment for the bank in an action by the United States to recover the difference between the amount to which a check paid by it had been fraudulently raised and the amount for which it was drawn.
Contents:
Chicago:
U.S. Supreme Court, "Syllabus," United States v. National Exchange Bank, 270 U.S. 527 (1926) in 270 U.S. 527 270 U.S. 528–270 U.S. 533. Original Sources, accessed July 2, 2025, http://www.originalsources.com/Document.aspx?DocID=32BFP3H1L8ADV15.
MLA:
U.S. Supreme Court. "Syllabus." United States v. National Exchange Bank, 270 U.S. 527 (1926), in 270 U.S. 527, pp. 270 U.S. 528–270 U.S. 533. Original Sources. 2 Jul. 2025. http://www.originalsources.com/Document.aspx?DocID=32BFP3H1L8ADV15.
Harvard:
U.S. Supreme Court, 'Syllabus' in United States v. National Exchange Bank, 270 U.S. 527 (1926). cited in 1926, 270 U.S. 527, pp.270 U.S. 528–270 U.S. 533. Original Sources, retrieved 2 July 2025, from http://www.originalsources.com/Document.aspx?DocID=32BFP3H1L8ADV15.
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