Equitable Discount Corp. v. Guest

Carlisle, Judge.

1. Under the Uniform Negotiable Instru-

ments Act, “A holder in due course holds the instrument free from any defect of title to- prior parties, and free from defenses available to prior parties among themselves, and may enforce payment of the instrument for the full amount thereof against all parties liable thereon.” Code § 14-507. A holder in due course is one who, in good faith and for value, has taken an instrument that is complete and regular upon its face before it was due, and without notice of any previous dishonor, and who, at the time he took it, had no notice of any…