Court Opinion

ID: 9772469
Source: CourtListenerOpinion
Date Created: 2023-08-29 17:18:55.481483+00
Date Added: 2024-06-11T07:31:44.734884
License: Public Domain

ON MOTION FOR REHEARING
Appellant now argues, for the first time on his motion for rehearing, that Article 570, Vernon’s Ann.Tex.St., providing that the assignee of a non-negotiable instrument “shall allow every discount and defense against the same which it would have been subject to in the hands of any previous owner before notice of the assignment was given to the defendant,” established a public policy to the effect that a party to a non-negotiable contract is powerless to waive or forego the right to assert his defenses against the assignee and agree to assert such defenses only against the other party to the original contract. He cites no Texas case in support of this proposition, and we can find none. We do not believe that this is the law in Texas.
The public is not interested in, or in any wise affected by, the contract in question. If public policy is involved, it is that public policy which “permits the utmost freedom of contract between parties of full age and competent understanding and requires that their contracts, when freely and voluntarily entered into, shall be held sacred and enforced by the courts * * 10-A Texjur. 204, CONTRACTS, § 103; St. Regis Candies v. Hovas, 117 Tex. 313, 3 S.W.2d 429; Reef v. Mills Novelty Co., 126 Tex. 380, 89 S.W.2d 210.
The motion for rehearing is overruled»