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FEDERAL FACTORS, INC. v. WELLBANKE

No. 5-3942.

406 S.W.2d 712 (1966)

FEDERAL FACTORS, INC., Appellant, v. Joe WELLBANKE, Appellee.

Supreme Court of Arkansas.

Rehearing Denied October 24, 1966.

Attorney(s) appearing for the Case

Files, Davidson & Plaster and Paul Henson, Little Rock, for appellant.

Guy H. Jones, Conway, for appellee.

GEORGE ROSE SMITH, Justice.

The appellant, claiming to be a holder in due course, brought this action to enforce three instruments entitled Trade Acceptances, executed by the appellee Wellbanke and by Richard J. Martin. Wellbanke contended that the instruments were not negotiable and that he was therefore entitled to interpose in his defense certain breaches of contract on the part of the drawer, Chemical Products, Inc...

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