Murray v. Anderson

“The negotiable instruments law purports to be a codification of the law merchant, or the common law with reference to negotiable instruments. . . The act . . when adopted in a particular jurisdiction becomes pro tanto the law respecting negotiable instruments in that jurisdiction, and supersedes the law merchant obtaining in that jurisdiction as to all matters covered by the provisions of the act.” Beasley Hardware Co. v . Stevens, 42 Ga. App. 114, 118 (155 S. E. 67). Immediately prior to the passage of the negotiable instruments law in Georgia there was no statutory exception to the…