Cook v. Griffin

1. “The holder, as the transferee, of a negotiable promissory note, is presumably a holder in due course. In a suit thereon by him against the maker, where the defendant pleads that the plaintiff is not a holder in due course, the burden is upon the defendant to establish this allegation in the plea.” Cairo Banking Co. v. Hall, 42 Ca. App. 785 (2) (157 S. E. 346); Code, § 14-509.

2. “A bill or note indorsed in blank is' transferable by delivery, and the indorsement, so long as it continues in blank, makes the bill or note in effect payable to bearer. Possession of such a negotiable instrument…