Lee v. JohnsonLee v. Johnson
Dec 8, 1899
- Reporters:
- , ,
- Before:
- Simmons
Simmons, C. J.
Submitted November 10,
Decided December 8, 1899.
Complaint. Before Judge Williams. City court of Way-cross. January 23, 1899.
Leon A. Wilson, for plaintiffs in error.
1. Where a negotiable instrument is transferred before its maturity, in payment of a pre-existing debt, the transferee is a holder for value, and takes the paper free from the equities existing between the original parties. Bond v. Central Bank of Georgia, 2 Ga. 92; Gibson & Rood v. Conner, 3 Ga. 47.
2. The evidence demanded the verdict for the plaintiff, and there was no error in directing the jury so to find.
Judgment affirmed.
All the Justices concurring.