State Resources Corporation v. Thomas E. Talley

Appellee purchased Appellant’s overdue Note from FDIC, who was receiver of The Bank
of Alamo. Appellee sought to enforce the Note and trial court entered Judgment for Appellee.
Appellant contends that Appellee had no right to enforce the Note because Appellee was not a holder in due course. Since no defenses to enforcement were raised by Appellant, the question of whether Appellee is a holder in due course is irrelevant. We affirm.