Farmers & Mechanics Bank v. Whitehead
Supreme Court of South Carolina
Before Prince, J., Florence, April, 1915. Action by the Farmers & Mechanics Bank of Florence, S. C., against J. D. Whitehead and W. L. Whitehead, as copartners, and others. Judgment for plaintiff, and defendants appeal.
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Before Prince, J., Florence, April, 1915. Action by the Farmers & Mechanics Bank of Florence, S. C., against J. D. Whitehead and W. L. Whitehead, as copartners, and others. Judgment for plaintiff, and defendants appeal. The note sued upon is in the words and figures following: Lake City, S. C., Jan. 21, 1908. $1,000.00. January 21, 1911, for value received, we jointly and severally promise to pay .to Bauhard Bros., of Martinsville, Ind., or order, the sum of one thousand dollars at the Farmers & Merchants Bank, Lake City, S. C., with interest at six per cent. (6%) per annum, payable annually;…
1Opinion of the Court
The opinion of the Court was delivered by
Mr. Justice Gage.
'The plaintiff sued the defendants upon a note for $1,000 which the defendants had executed to Bauhard Bros., of Indiana, and which the plaintiff claimed to be the purchasers bona fide■ in due course of business; before maturity and for value. ' The defendant's alleged that the plaintiff did not buy the note in good faith, in due course, before maturity and for válúe; tha't the plaintiff did not have légal title' to thé note; that the'plaintiff took the note with'notice of defenses to it; that the note was made to the payees upon…
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