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NORTHEAST &c. CO. v. MORTGAGE INVESTMENTS, INC.

40047.

107 Ga. App. 705 (1963)

131 S.E.2d 221

NORTHEAST FACTOR & DISCOUNT COMPANY v. MORTGAGE INVESTMENTS, INC. OF GEORGIA.

Court of Appeals of Georgia.

Decided May 2, 1963.

Attorney(s) appearing for the Case

Alton T. Milam, for plaintiff in error.

Hansell, Post, Brandon & Dorsey, W. Rhett Tanner, Charles E. Watkins, Jr., contra.

EBERHARDT, Judge.

1. (a, b) Did the form of the transfer here amount to a general indorsement, a special indorsement, or an assignment only?

While there is a hopeless conflict of authority as to the effect of a transfer in the form used here, the majority rule both before and after adoption of the Negotiable Instruments Law has been and is that the effect is that of a general or commercial indorsement. 8 Am. Jur. 254, Bills & Notes, § 546;...

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