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JONES v. APPROVED BANCREDIT CORP.

256 A.2d 739 (1969)

Myrtle V. JONES, Defendant Below, Appellant, v. APPROVED BANCREDIT CORP., an Ohio corporation, Assignee of Albee Dell Homes, Inc., a Delaware corporation, Plaintiff Below, Appellee.

Supreme Court of Delaware.

August 1, 1969.

Attorney(s) appearing for the Case

Robert B. Walls, Jr., Wilmington, for defendant below, appellant.

John Merwin Bader, Wilmington, for plaintiff below, appellee.

WOLCOTT, C. J., and CAREY and HERRMANN, JJ., sitting.

HERRMANN, Justice:

The dispositive question in this appeal is whether the plaintiff finance company is a holder in due course of the defendant's note. We hold that the finance company was not a holder in due course under the party-to-the-transaction rule.

I.

The relevant facts are undisputed for present purposes:

The defendant, Myrtle V. Jones, owned a lot of land in Delaware and wished to have a house built on it. She responded to a newspaper...

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