Commercial Credit Corp. v. Carter

ON REHEARING

Before GLADNEY, AYRES and BO-LIN, JJ.

GLADNEY, Judge.

Our original decree held Commercial Credit Corporation to be a holder in due course — that is to say, that it had acquired the negotiable instrument free from any defect of title of the prior parties and free from defenses available to such parties amongst themselves, and that it could enforce payment of the instrument against all parties liable thereon.

The defendant-applicant for rehearing argues that by reason of the provisions of the Louisiana Motor Vehicle Title Certificate Law the sale was void and incomplete as defendant…