Wilson v. Weaver
Wilson v. Weaver
Opinion of the Court
“Plaintiff claims of the defendant the sum of thirty-one dollars and ten cents, due from him by promissory note made by him, on, to wit, the 16th day of January, 1913, for the sum of thirty-one dollars and ten cents, payable to tho order of W. A. Berry, July 1st, after date, which note, prior to the bringing of this suit, has been transferred to the plaintiff for value” etc. (Italics supplied.)
“I did not have any correspondence with Mr. Berry before I bought the note, because I acquired the note the same day it was executed. I had no special agreement with Mr. Berry, or any other officer or agent of the Jefferson Standard Life Insurance Company, regarding the collection of this note, and it was not transferred to me merely as a convenience. I had an interest in the note, and had some commission represented thereby.”
On redirect examination, the plaintiff testified:
“I didn’t pay anything for the* 1 note myself, either to the insurance company or to Mr. Berry. The note was indorsed to me for collection and because I had an interest in it.”
This is all the evidence relating to the transfer for value. The word “value,” as used in the negotiable instrument law, means any consideration sufficient to support a simple contract. Code, § 4982. We are of the opinion that the plaintiff’s uncontradicted evidence shows that no value was paid for the note, but that the same was simply indorsed to him by Berry, in order that the. plaintiff' might obtain the interest he claims to have had therein. Certainly it is not sufficiently shown that the plaintiff parted with anything of value, or changed his position in the slightest, in acquiring the note; therefore he cannot claim as an innocent purchaser for value without notice. Under these conditions, the note in his hands is subject to all defenses the defendant'may have had against the original holder, Berry.' Such being the case, this material averment cannot be cured by an application of rule 45 (61 South, lx 1 ).
The court below erred in giving the general affirmative charge requested in writing by the plaintiff, and it also erred in refusing a like charge requested' by the defendant, all of which makes it unnecessary for us to pass upon the other questions raised, as they probably will not arise upon another trial.
The judgment of the lower court is reversed, and the cause is remanded.
Reversed and remanded.
175 Ala. xxi.
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