Commerce Trust Co. v. Grimes
Commerce Trust Co. v. Grimes Et Al.
Syllabus
Summary
Syllabus and headnotes are prepared by the reporter or publisher, not the court, and are not part of the opinion.
Opinion 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 Justice, in delivering the opinion of this Court, said:
*222 “When the case of Bank v. Stackhouse, 91 S. C. 455, 74 S. E. 977 , 40 L. R. A. (N. S.) 454, was decided by this Court, it did not seem to. the writer of -this opinion that the plaintiff therein, was prima facie a bona fide holder of the ■note upon which the action was brought.
The principles then announced are practically the same as those involved in the present case. ITe, therefore, feels constrained to1 follow that case as an authority as long' as it remains, of force.”
This Court is bound by those two1 opinions to' reverse the judgment in this case. A verdict for the plaintiff in this case should have been directed. No. other questions arise.
The judgment appealed from is reversed.
How later courts describe this case
No later court has written an explanatory parenthetical about this case yet.
Cited by 2 cases
View all citing references →Relies on it most ⓘ
Citing references are not a citator: they show that a later opinion cites this case, not whether it followed, distinguished, or overruled it. Check negative history before relying on this case.