Legal Opinion
Hengstler v. Huguley-Scott Auto Co.
Court of Appeals of Georgia
Decided February 9, 1929No. 18997PublishedCited by 4 opinions
1Opinion of the CourtBell, J.
1. “Knowledge of the consideration of a negotiable note, by a bona fide purchaser for value before maturity, does not carry with it any notice of failure of consideration, nor is the purchaser bound to make inquiry as to whether the consideration has failed or will fail.” Florence v. Commercial Bank, 34 Ca. App. 329 (1) (129 S. E. 560); Bank of Commerce v. Knowles, 32 Ga. App. 800 (2) (124 S. E. 910).
2. The fact that the purchaser of a promissory note knew at the time of taking it that it was executed by the maker in consideration of an executory contract, to be performed by the payee for the…
2Cases cited4 opinions
- Bank of Commerce v. KnowlesCourt of Appeals of Georgia · 1921
- Massell v. Fourth National BankCourt of Appeals of Georgia · 1928
- Florence v. Commercial BankCourt of Appeals of Georgia · 1925
- State Banking Co. v. MorganCourt of Appeals of Georgia · 1923
3Cited by4 opinions
- Citizens & Southern National Bank v. JohnsonSupreme Court of Georgia · 1958
- Swafford v. Certified Finance Co.Court of Appeals of Georgia · 1954
- Wall's Odorless Cleaners Inc. v. AllenCourt of Appeals of Georgia · 1934
- Commercial Credit Equipment Corp. v. ReevesCourt of Appeals of Georgia · 1964