Farmers' Loan & Trust Co. v. Rainer
Mississippi Supreme Court
Farmers' Loan & Trust Co. v. Rainer, 96 Miss. 65 (Miss. 1909)
50 So. 491
Smith
Farmers' Loan & Trust Co. v. Rainer
Opinion of the Court
delivered the opinion of the court.
With full knowledge of the fact that the jewelry delivered him by tbe Equitable Manufacturing Company was not of tbe character and quality ordered by him, and after some of it, which bad been sold to his customers, had been returned to him •as worthless, appellee failed to exercise his right to reject the jewelry, but executed the notes sued on. The peremptory instruction, therefore, requested by appellant, should have been given.
Reversed and remanded.
Reference
- Full Case Name
- Farmers' Loan & Trust Company v. Tobias J. Rainer
- Status
- Published
- Syllabus
- Sales. Breach of warranty. Promissory notes. Bona fide holder. Where a buyer, with knowledge that the goods delivered him were inferior to those ordered, executed his notes to the seller for the purchase price, a breach of the seller’s warranty is no defense to a suit on the notes by a bona fide holder for value, to whom they were assigned before maturity.