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EQUITABLE DISCOUNT CORPORATION v. GUEST

38666.

103 Ga. App. 258 (1961)

118 S.E.2d 864

EQUITABLE DISCOUNT CORPORATION v. GUEST.

Court of Appeals of Georgia.

Rehearing Denied March 7, 1961.

Attorney(s) appearing for the Case

Steve F. Mitchell, for plaintiff in error.

Maxwell A. Hines, contra.

CARLISLE, Judge.

1. Under the Uniform Negotiable Instruments Act, "A holder in due course holds the instrument free from any defect of title to prior parties, and free from defenses available to prior parties among themselves, and may enforce payment of the instrument for the full amount thereof against all parties liable thereon." Code § 14-507. A holder in due course is one who, in good faith and for value, has taken an instrument that is complete and...

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