Pynetree Paper Co. v. Wilkinson County Bank

1. The holder can not sue the drawee on a promise made to accept an existing bill, where the promise was made to the drawer of the bill after it had passed into the hands of the holder, and where the money sued for was paid or advanced by the holder before the promise was made, and not upon the faith of the promise. 8 Corpus Juris, 315, 316, § 485, and authorities cited in note 74; Lugrue v. Woodruff, 29 Ga. 648, 650; 7 Cyc. 766; Parrish v. Taggart-Delph Lumber Co. 11 Ga. App. 772 (76 S. E. 153); Coolidge v. Payson, 2 Wheat. 66 4 L. ed. 185); Exchange Bank v. Rice, 107 Mass. 37 (9 Am. R. 7);…