Angier v. Smith
This text of 28 S.E. 167 (Angier v. Smith) is published on Counsel Stack Legal Research, covering Supreme Court of Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
Is the plea of usury a good defense to a negotiable promissory note when it is sought to be enforced by one who is a bona fide holder for value and who acquired title before maturity? That such a note would be void in the hands of an innocent purchaser as to the usury, and such part of the debt as is declared by law to be forfeited on account of the usury, is a principle well settled in this State. This doctrine was first announced in the case of Bailey v. Lumpkin, 1 Kelly, 392, and was adhered to in the case of Laramore v. Bank of Americus, 69 Ga. 722. There are no decisions of this court either overruling or criticising these cases.
Judgment reversed.
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Cite This Page — Counsel Stack
28 S.E. 167, 101 Ga. 844, 1897 Ga. LEXIS 344, Counsel Stack Legal Research, https://law.counselstack.com/opinion/angier-v-smith-ga-1897.