Coleman & Co. v. Jenkins
Supreme Court of Georgia
Promissory Notes. Negotiable Instruments. Debtor and Creditor. Payment. Before Judge Lawson. Baldwin Superior Court. July Adjourned Term, 1886. Reported in the decision.
1Opinion of the Court
Bleckley, Chief Justice.
In May, 1884, Jenkins made his note for $135.00 to Palmer or bearer, due in November thereafter, and gave a mortgage upon land to secure it. Palmer being indebted to Coleman & Co. in the sum of $2,700, delivered to them this note and mortgage, with various others, as collateral security, the delivery being made before maturity of the note and mortgage. Jenkins was not informed of this disposition of his paper, and thinking that Palmer was still the holder, paid off the same to Palmer in cotton during the fall of 1884. Palmer converted the cotton into money, and…
2Cited by2 opinions
- Union Bank & Trust Co. v. LynnMontana Supreme Court · 1925
- Second National Bank v. SpottswoodNorth Dakota Supreme Court · 1901