Traders' Security Company v. Pennington

Opinion, of the Court by

Commissioner Stanley

Affirming.

The appellant, Traders’ Security Company, sued the appellee, W. Gr. Pennington, to recover on four trade acceptances of $59.60 each, bearing interest from date, July 29, 1925, which had been executed to the Arch Manufacturing Company, of St. Louis, and alleged to have been assigned before maturity for a valuable consideration to the plaintiff, who was the holder thereof in due course. The suit is similar to Traders’ Securities Co. v. Oslin & Son, 227 Ky. 828, 14 S. W. (2d) 149, and Traders’ Securities Co. v. Oney, 228 Ky. 182, 14 S. W.…