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KEMP MOTOR SALES, INC. v. STATHAM

44600.

120 Ga. App. 515 (1969)

171 S.E.2d 389

KEMP MOTOR SALES, INC. v. STATHAM.

Court of Appeals of Georgia.

Decided September 30, 1969.

Rehearing Denied October 21, 1969.

Attorney(s) appearing for the Case

Parker & Smith, James I. Parker, for appellant.

Marson G. Dunaway, Jr., for appellee.

PANNELL, Judge.

1. "Holder in Due Course. (1) A holder in due course is a holder who takes the instrument (a) for value; and (b) in good faith; and (c) without notice that it is overdue or has been dishonored or of any defense against or claim to it on the part of any person." Section 109A-3-302 of the Georgia Uniform Commercial Code (Ga. L. 1962, pp. 156, 252; Code Ann. § 109A-3-302). "A holder takes the instrument for value ... (b) when he takes the...

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