Whittle v. Citizens Bank

1. A transferee of a negotiable promissory note, who received the note from the payee before maturity, as collateral security for the payment of a pre-existing debt, without notice of any equities existing between the maker and the payee, is a bona fide holder for value. Civil Code (1910), § 4289; Lindenman v. Atkins, 143 Ga. 366 (2) (85 S. E. 101); Patterson v. Peterson, 15 Ga. App. 680 (2) (84 S. E. 163).

2. Where such a note is placed in suit by one as indorsee, its introduction in evidence by the plaintiff at the trial, with the payee’s blank indorsement thereon, establishes prima facie…