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ALL AMERICAN FINANCE CO. v. PUGH SHOWS, INC.

No. 86-1410.

30 Ohio St. 3d 130 (1987)

ALL AMERICAN FINANCE COMPANY ET AL., APPELLANTS, v. PUGH SHOWS, INC. ET AL., APPELLEES.

Supreme Court of Ohio.

Decided May 20, 1987.

Attorney(s) appearing for the Case

Lantz, Lantz & Lipp, James A. Lantz and H. James Stevenson, for appellants.

Isaac, Brant, Ledman & Becker and Randy S. Kurek, for appellee Pugh Shows, Inc.

Strip, Fargo, Schulman & Hoppers and Paul W. Leithart II, for appellee Cheri Pugh.

HERBERT R. BROWN, J.

The issue for determination is whether All American is a holder in due course thereby taking the promissory note free of appellees' claims. We hold that it does not have such status and, accordingly, affirm the decision of the court of appeals.

R.C. Chapter 1303 confers certain rights and protections upon a holder in due course consistent with its goal to promote the unrestrained transferability of negotiable instruments. Specifically...

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