Case Name: American Exch. Nat'l Bank v. Southern Granite Co.
Court: Hamilton Circuit Court
Jurisdiction: Ohio
Decision Date: 1900-02
Citations: 10 Ohio Cir. Dec. 814
Docket Number: 
Parties: American Exch. Nat’l Bank v. Southern Granite Co.
Judges: 
Reporter: Ohio Circuit Decisions
Volume: 10
Pages: 814–814

Head Matter:
BILLS AND NOTES.
[Hamilton Circuit Court,
February, 1900.]
Smith, Swing, and Giffen, JJ.
American Exch. Nat’l Bank v. Southern Granite Co.
Negotiable Note Given fob Non-Neqotiable Note.
Knowledge that a negotiable note was given in exchange for a non-negotiable one does not affect the title or rights of a bona fide purchaser be» fore maturity.
Error to the Court of Common Pleas of Hamilton county.
E. E. DeCamp, for the bank.
Joseph W. O’Hara, for the granite company.

Opinion:
Swing, J.
We think the judgment of the court of common pleas should be reversed for the reason that it is not sustained by the evidence.
The evidence clearly shows that the plaintiff in error purchased the note sued on, before due in the regular course of business, for a valuable consideration and without notice, and the defense set up by the defendant was not available.
The notes first given by the defendant were not negotiable, but these notes were not purchased by the bank. The defendant saw fit to execute other notes which were negotiable, and these the bank purchased* and judgment was asked on one of these. Why the notes were changed* whether the first did not state the real transaction or not, it is unnecessary to inquire into, for the granite company saw fit to change the notes, and gives negotiable for non-negotiable notes, and even if the bank had knowledge of the change, it had the right to assume that the notes purchased represented the real transaction.