Metropolitan Discount Co. v. Flippo

This suit was instituted by appellant against appellees in the magistrate’s court in Lawrence County, Western District, upon five trade acceptances dated July 19,1920, arising out of the purchase of goods by appellees from the National Novelty Import Company, of Saint Louis, Missouri. The acceptances were assigned in blank, before maturity, to appellant by the novelty company. Appellant claimed to be an innocent purchaser of the paper.

Appellees interposed the defense that the traveling-salesman of the novelty company misrepresented the kind and class of goods for which the acceptances were…