Legal Opinion
First Alabama Bank of Guntersville v. Hunt
Court of Civil Appeals of Alabama
Decided May 6, 1981No. Civ. 2572PublishedCited by 4 opinions
1Opinion of the Court
HOLMES, Judge.
This case is governed by Article III of Alabama’s Uniform Commercial Code, §§ 7-3-101 et seq., Code of Ala. 1975.
The First Alabama Bank of Guntersville sued Hunt on a promissory note. The trial court found that on the basis of pertinent uncontroverted evidence, First Alabama Bank was barred from holder in due course status by § 7-3-302(3)(c), Code of Ala. 1975, and entered a directed verdict in favor of Hunt. First Alabama Bank appeals and we reverse.
The dispositive issue is whether § 7-3-302(3)(c), Code of Ala. 1975, applies to the facts of this case.
The record reveals the…
2Cases cited3 opinions
- Third Nat. Bk., Nashville v. Hardi-Gardens Sup. of Ill., Inc.District Court, M.D. Tennessee · 1974
- Pugatch v. David's JewelersCivil Court of the City of New York · 1967
- Patterson v. First National Bank of HuntsvilleCourt of Civil Appeals of Alabama · 1971
3Cited by4 opinions
- New Bedford Institution for Savings v. GildroyMassachusetts Appeals Court · 1994
- Rosa v. Colonial BankSupreme Court of Connecticut · 1988
- Warren v. SouthTrust Bank, NA (In Re Warren)United States Bankruptcy Court, N.D. Alabama · 1998
- New Bedford Institution for Savings v. GildroyMassachusetts Appeals Court · 1994