People's Savings Bank v. Manes
Supreme Court of Arkansas
Appeal from Lee Circuit Court; J. M. Jackson, Judge; Appellant was an innocent purchaser of the note for value before maturity. 41 Ark. 418; 42 Id. 22; 102 Id. 426; lb. 451. Payment to the payee who is no longer the holder of the note does not discharge the maker. 102 Ark. 426; 55 Id. 347. See also 75 Id. 170; 98 Id. 370. The question should have been submitted to a jury.
1Opinion of the CourtHumphreys, J.
Appellant instituted suit against appellee on the 13th day of September, 1915, in the Lee Circuit Court, upon the following note:
“$600.00. Oak Forrest, Jan. 30,1914.
“November 1st after date, I promise to pay to the order of Lewis & Bunch, six hundred dollars, with interest at ten per cent, per annum until paid, with value received. This note is .secured by deed in trust of even date.
“T. J. Manes.”
It was alleged that the payees, Lewis & Bunch, assigned the note to appellant before maturity for a valuable consideration; that there had been paid on the note $275, leaving a balance due of $325,…
2Cases cited7 opinions
- State National Bank v. HyattSupreme Court of Arkansas · 1905
- Koen v. MillerSupreme Court of Arkansas · 1912
- Jenkins v. ShinnSupreme Court of Arkansas · 1892
- Miles v. DodsonSupreme Court of Arkansas · 1912
- Exchange National Bank v. LittleSupreme Court of Arkansas · 1914
2 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Arrington v. KingSupreme Court of Arkansas · 1929