Cooper v. Broadcasting Co. of Carolinas, Inc.

Motion for summary judgment. This is an action by plaintiff on a series of four defaulted accelerated promissory notes executed by the defendant to Audio Designs Corporation and sold and transferred by the latter to plaintiff. The notes are the remainder of a series of six notes, the first two of which were paid by the defendant to the plaintiff. The plaintiff, engaged in the business of purchasing accounts receivable and negotiable instruments, claims to be a holder in due course, having purchased the six notes for good consideration.

The defense, interposed in answer to the complaint, ‘ ‘…