Hamilton-Turner Grocery Co. v. Hander

Appellee Hander executed a note to the Industrial Transportation Company, dated August 16, 1919, payable 90 days after date, for $1,100. This note was indorsed to the Hamilton-Turner Grocery Company before maturity, who paid a valuable consideration therefor. Appellant instituted suit against Hander and the Industrial Transportation Company to recover on said note. Hander defended on the ground that the note was void, for the reason that it was given in payment of stock in the transportation company, a corporation, and upon the further ground that appellant had notice of such fact when it…