[Download] "New Ulm State Bank v. Robert B. Brown Et Al." by Houston the First Court of Civil Appeals * eBook PDF Kindle ePub Free
eBook details
- Title: New Ulm State Bank v. Robert B. Brown Et Al.
- Author : Houston the First Court of Civil Appeals
- Release Date : January 04, 1977
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 66 KB
Description
Kenneth Richardson, doing business as R & R Farms, Inc. and Robert B. Brown and Hayden Rabon, doing business as B & R Cattle Company were cattle traders, having bought and sold each others cattle since 1965. Each time Richardson bought cattle from Brown, he would instruct Brown to draw a draft on New Ulm State Bank, where R & R Farms, Inc. maintained its account. Brown would cause a "bill of sale" draft to be prepared, naming B & R Cattle Company as the payee, for the amount of the purchase price of the cattle. B & R Cattle Company would then deposit the draft with State National Bank of Robstown, where it would receive immediate credit to its account, and State National Bank of Robstown would transfer the draft to New Ulm State Bank for payment or dishonor. There were eleven drafts transferred by State National Bank of Robstown to New Ulm State Bank in connection with the transactions in question. A history of these drafts is indicated by the following schedule: