Farmers State Bank v. Sig Ellingson & Co.

Peterson, Justice.

Plaintiff sued to recover $378.86, the net proceeds of a shipment of livestock consigned by one Christ Christofferson to' defendant, which plaintiff claims it is entitled to apply on a draft for $500 in its favor drawn on defendant by Christofferson to raise money to pay for the livestock, the amount of which draft was paid by plaintiff to Christofferson under an agreement with defendant, as modified on May 4, 1940, by the terms of which defendant agreed to pay to plaintiff to apply on such drafts the net proceeds of all shipments of livestock so consigned to it by…