Lowry National Bank v. Seymour
Supreme Court of South Carolina
Before AVatts, J., Greenwood, April .term, 1911. Action by The Lowry National Bank of Atlanta against E. Z. Seymour. Defendant appeals. cite: Presumption of transfer for value without notice arises upon proof of possession and indorsement: 28 S. C. 538.
1Opinion of the Court
The opinion of the Court was delivered 'by
Mr. Justice Woods.
Reversal of the judgment in this case; would be a precedent seriously impairing without reason the value of negotiable instruments to the great injury of borrowers, as well as lenders, of money.
The defendant, E. Z. Seymour, made his promissory note at Greenwood, South Carolina, on March 11, 1910, for seven hundred and seventy dollars, payable to the order of Southern Flour and Grain Company on October 15, 1910. The plaintiff, The Lowry National Bank, of Atlanta, Georgia, as an indorsee for value before maturity, brought this action…
2Cases cited1 opinion
- Park v. FunderburkSupreme Court of South Carolina · 1910
3Cited by2 opinions
- City National Bank v. GivenSupreme Court of South Carolina · 1916
- Farmers Bank v. CrawfordSupreme Court of South Carolina · 1916