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CADLE CO. v. SINGLETON

851 S.W.2d 814 (1992)

The CADLE COMPANY, Plaintiff/Appellant, v. Jackson SINGLETON, Defendant/Appellee.

Court of Appeals of Tennessee, Middle Section, at Nashville.

Rehearing Denied December 12, 1992.

Permission to Appeal Denied March 22, 1993.

Attorney(s) appearing for the Case

Russell L. Leonard, Winchester, for plaintiff/appellant.

Howard G. Swafford, Swafford & Swafford, Jasper, for defendant/appellee.

Permission to Appeal Denied by Supreme Court March 22, 1993.

OPINION

CANTRELL, Judge.

This is an action on a promissory note. The appellant asserts that it is entitled to collect the balance of the note, because as an assignee of the Federal Deposit Insurance Corporation (FDIC), it has the legal status of a holder in due course. The lower court dismissed the cause with prejudice. We affirm.

This cause is before the court essentially...

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