Johnson County Savings Bank v. Yarbrough

Citations

• 106 Miss. 79
• 63 So. 275

Syllabus

<p>Bnxs of Exchange. Endorsements. Defenses. Failure of consideration.</p> <p>The endorsee of a bill of exchange, transferred to him by proper endorsement, is presúmed to be a t>ona fide holder for value, and ■ where such bill of exchange is made payable beyond the limits of the state, in a suit by such endorsee against the acceptor thereof, a failure of consideration cannot be relied on as a defense since our anti, commercial statute applies only to domestic bills of exchange and not to paper made payable beyond- the limits of the state.</p>