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FINANCE COMPANY OF AMERICA v. WILSON

42579.

115 Ga. App. 280 (1967)

154 S.E.2d 459

FINANCE COMPANY OF AMERICA v. WILSON.

Court of Appeals of Georgia.

Decided February 23, 1967.

Attorney(s) appearing for the Case

Robert S. Whitelaw, Powell, Goldstein, Frazer & Murphy, Larry I. Bogart, for appellant.

S. T. Ellis, for appellee.

DEEN, Judge.

Under the Uniform Commercial Code a holder takes commercial paper for value to the extent that he acquires a security interest therein (Code Ann. § 109A-3 — 303 (a)) or takes it as security for an antecedent claim; and is a holder in due course where he takes the paper for value, in good faith, and without notice that it is overdue, has been dishonored, or is subject to the claim or defense...

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