Security Finance Co. v. Floyd

Appellant brought this suit against appellee, doing business under the name of Floyd & Son, to recover upon six notes, five of which were for $50 each and the other for $18.40.

It was agreed that appellant “purchased these notes for value before maturity and with no notice whatsoever of any defense that the defendant might have to them, except such notice, if any, as might be imputed to the plaintiff by law on account of the fact that some of the notes have perforated or rough edges.”

The notes originally were attached by perforated line to a contract signed by appel-lee, whereby he purchased…