Legal Opinion
Spires v. Jones
Supreme Court of Alabama
Decided November 6, 1924No. 6 Div. 19PublishedCited by 13 opinions
1Opinion of the CourtSomerville, J.
In Strand v. Fox, 205 Ala. 183, 185, 87 So. 332, 335 (14 A. L. R. 1121), it was observed that—
“The authorities are numerous and practically harmonious to- the proposition that the mere knowledge by an indorsee of negotiable paper that it was founded upon an executory contract, the breach of which may avoid the obligation as between the original parties, is not notice of an infirmity which will alter his status as a holder in due course.”
The complainants do not deny this principle of law, but ground their impeachment of the bona tides of Hayden’s holding of the notes upon two matters of fact:…
2Cases cited6 opinions
- Strand Amusement Co. v. FoxSupreme Court of Alabama · 1921
- Elmore County Bank v. AvantSupreme Court of Alabama · 1914
- Woodall & Sons v. People's National BankSupreme Court of Alabama · 1907
- King v. Peoples BankSupreme Court of Alabama · 1899
- Bruce v. Citizens National BankSupreme Court of Alabama · 1913
1 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- City Nat. Bank v. NelsonSupreme Court of Alabama · 1928
- Lowrance Motor Co. v. First National Bank of AuburnCourt of Appeals for the Fifth Circuit · 1956
- Hunt v. NationsCredit Fin. Servs. Corp.Court of Civil Appeals of Alabama · 2004
- Reliance Equipment Co. v. ShermanSupreme Court of Alabama · 1927
- United States Finance Company v. JonesSupreme Court of Alabama · 1969
8 more not listed; retrieve them via the Exa API.