Southern new england distributing corporation

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Reference no: EM131045707

Supreme Radio, Inc., issued to Southern New England Distributing Corporation two notes worth $1,900. The two notes and others, all of a total face value of about $15,000, were transferred to Korzenik, an attorney, by his client Southern ‘‘as a retainer for services to be performed'' by Korzenik. Although Korzenik was unaware of the fact, Southern had obtained the notes by fraud. Southern retained Korzenik on October 25 in connection with certain antitrust litigation, and the notes were transferred on October 31. The value of the services performed by Korzenik during that time is unclear. Korzenik brought this action against Supreme Radio to recover $1,900 on the notes. Will Korzenik be able to collect the funds? Explain.

Reference no: EM131045707

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