Harris v. Sainsbury

Action by holder for value upon two trade acceptances aggregating $700 in amount, given in part payment of certain stock salt by Ben Sainsbury, doing business under the firm name of Sainsbury & Son, to Farmers & Ranchers Stock Salt Co., Inc., of Omaha, Nebraska, who in túrn' sold them to Samuel Bailey Harris, appellant, for $655.55. The acceptances were given on July 20, 1928, and purchased by Harris on July 30, 1928. The entire pur-cháse price of the salt was $1,000, evidenced by three trade acceptances, of the same date, two for $350 each, maturing in sixty and ninety days, respectively,…