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Lumpkin, P. J. The headnote filed in this case requires no elaboration. It has often been held that the words “for value received,” in a promissory note, are ambiguous and open to explanation by parol. It is beyond doubt allowable for the defendant in an action upon such a note to set forth by a proper plea what was the real consideration, and allege facts showing that it failed in whole or in part. Permitting this can in no
*171 sense be regarded as allowing the defendant to vary by parol the terms of a valid written instrument. Taking as true the allegations of the plea, it set forth a defense to the plaintiff’s action, and it was therefore error to strike it on the ground^ specified, viz.: “that it sought by parol to vary the contract sued on and add to its terms a condition not therein expressed.”Judgment reversed.
All the Justices concurring.
Document Info
Citation Numbers: 103 Ga. 169, 29 S.E. 756, 1897 Ga. LEXIS 384
Judges: Lumpkin
Filed Date: 11/30/1897
Precedential Status: Precedential
Modified Date: 10/19/2024