Hunt v. . Eure

In Campbell v. McCormac, 90 N. C., 491, it is said: “At the common law, promissory notes were not negotiable, but were made so by the statute of 3 and 4 Anne, ch. 9, which was reenacted in this State by the act of 1762, and that act was amended by the act of 1786, which declared them to be negotiable, whether expressed to be payable to order or for value received. Rev. Stat., ch. 13, secs. 1, 2; Rev. Code, ch. 13, sec. 1; The Code, see. 41. All such notes thus made negotiable import prima facie that' they are founded upon a valuable consideration; and while such consideration is essential to…