Commerce Trust Co. v. Grimes
Supreme Court of South Carolina
Before Bowman, J., Walterboro; November, 1913. Action by Commerce Trust Company against M. L. .Grimes, W. E. Carr, B. L. Cox, W. H. Cox, J. P. Gay, H. H. Butler and- Thomas. Southwell. Prom judgment fo»r defendants, plaintiff appeals.
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Before Bowman, J., Walterboro; November, 1913. Action by Commerce Trust Company against M. L. .Grimes, W. E. Carr, B. L. Cox, W. H. Cox, J. P. Gay, H. H. Butler and- Thomas. Southwell. Prom judgment fo»r defendants, plaintiff appeals. The facts are stated in the opinion. cite: Case governed by pi S. C. 455, 8o S. B. 460. The circumstance that one of the McLaughlin Bros, was a stockholder in plain*tiff company is immaterial: 26 S. W. 975, 977; 10 Cyc. 1061; 74 S. C. 368, 374. As to bonafides: See 1 Pac. 789; 19 S. E. 561; 92 N. W. 348; 106 N. W. 942; 142 N. W. 139; 129 Pac. 798; 47 N. E. 196;…
1Opinion of the Court
The opinion of the Court was delivered by
Mr. Justice Eraser.
This is another action on a note given by persons in this State to McLaughlin Bros.
The undisputed evidence showed that the respondents executed negotiable notes to1 McLaughlin. Bros. That the notes were assigned for value before maturity to the appellant and there is no evidence to show that the assignee had notice of any want of consideration.
This case is governed by the case of The Bank v. Wallace, 97 S. C. 52, 80 S. E. 460; and The Bank v. Stackhouse, 91 S. C. 455, 74 S. E. 977, 40 L. R. A. (N. S.) 454.
In the former case the Chief…
2Cases cited2 opinions
- Citizens Trust & Savings Bank v. StackhouseSupreme Court of South Carolina · 1912
- New England Natl. Bank v. WallaceSupreme Court of South Carolina · 1914
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