Calvert Credit Corporation v. Humble

FICKLING, Associate Judge.

Appellant is a holder of a note which had been executed by appellee to StateWide Enterprise, Inc. Appellee’s answer admitted his signature on the note but claimed that appellant was not a holder in due course and alleged defenses of failure of consideration, fraud, and usury. At trial the note was admitted into evidence and appellant established that it had purchased the note from State-Wide Enterprise, Inc., 1 and that, after appellee made several payments to appellant, he defaulted leaving a balance due of $1,033.21.

Appellant rested its case and appellee moved for…