Chatham Motor Co. v. Lincoln Motor Co.

Jenkins, B. J.

1. “The holder of a note is presumed to be such bona fide and for value.” Civil Code (1910), §4288; Rhodes v. Beall, 73 Ga. 641; Wade v. Elliott, 11 Ga. App. 646, 648 (75 S. E. 989); Brantley v. Merchants & Farmers Bank, 22 Ga. App. 667 (97 S. E. 109). The allegation of the petition, that the note sued on, indorsed by the payee, was negotiated by the payee to the plaintiff, was good as against the ground of general demurrer that the petition failed to disclose that' the plaintiff was a bona fide purchaser for value before maturity. No other basis of the general demurrer that…