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Federal Courts -
1st Circuit Court of Appeals - November 17, 2006
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Jelmoli Holding, Inc. v. Raymond James Fin. Servs., No. 05-1903,
UNITED STATES COURT OF APPEALS FOR THE FIRST CIRCUIT, November 17, 2006, Decided
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Overview: Where an employee gave checks drawn on the employer's bank account to a broker for his account with a brokerage firm and the employer was awarded damages, a new trial was warranted because, under Mass. Gen. Laws ch. 106, §§ 1-201(27) and 3-307, the jury instructions for the holder in due course doctrine and the broker's knowledge were erroneous.
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