Hogg v. Thurman
Supreme Court of Arkansas
Appeal from Union Circuit Court; George W. Hays, Judge; 1. If the notes were purchased for a merely nominal sum, appellees were not innocent purchasers. 1 Daniel, Neg.
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Appeal from Union Circuit Court; George W. Hays, Judge; 1. If the notes were purchased for a merely nominal sum, appellees were not innocent purchasers. 1 Daniel, Neg. Instruments, § 777; 79 Ark. 152. 2. Appellants offered to prove that Harman, with whom the trade was made, told them at the time that the thing they were buying was a patented article, to introduce the contract on the faith of which they executed the notes, and also the title page of the book for the purpose of showing that it was a patented instrument. All this was competent, and should have been admitted. Kirby's Dig., •§ §…
1Opinion of the CourtFrauenthal, J.
The appellees, who were the plaintiffs below, instituted this suit against the defendants upon two promissory notes. They alleged that they had purchased said notes in the ordinary course of business before maturity and for a valuable consideration, .and were bona tide holders thereof. The notes wer-e dated April 8, 1907, and were due, respectively, six and eight months after date, and each was for the sum of $150.
The defendants denied that the plaintiffs were the owners of the notes, or that same were transferred to them'before maturity. They alleged that the notes were executed for the…
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