Case Name: Gibson vs. Smith
Court: Supreme Court of Georgia
Jurisdiction: Georgia
Decision Date: 1885
Citations: 1 Ga. L. Rep. 269
Docket Number: 
Parties: Gibson vs. Smith.
Judges: 
Reporter: Georgia Law Reporter
Volume: 1
Pages: 269–269

Head Matter:
Gibson vs. Smith.
Complaint, from Chatham. Negotiable Instruments. Drafts. Acceptance. Principal and Surety.
J. R. Saussy, for plaintiff' in error.
Denmarck & Adams; Garrard & Meldrim, for defendant.

Opinion:
Blandford, J.
Where a draft is given, directing the drawee to pay absolutely a sum of money to the payee, it is the right of the payee to have an unconditional and unqualified acceptance, and if he chooses, without the consent of the drawer, to take a conditional, limited, or qualified acceptance of the draft, he thereby releases the drawer from all liability upon it. The acceptor being such for value and not a mere accommodation acceptor, the. drawer is merely a surety for him, and the taking of a conditional or qualified acceptance without his consent works to his injury and discharges him. 1. Dan. Neg. Inst., 510; Chi tty on Bil s 340; Byles on Bills, 316; Story, §201.
Judgment reversed.