Pratt v. Boyd

James IE Pralt held a note on Leri Lewis for $100. He placed the note in the hands of Jos pk Boyd *233with instructions to obtain, in exchange for it, the note of Llend rson and Si 'er, pursuant to a previous arrangement among the parties. Instead of exchanging the note according to instructions, Boyd appropriated it in part payment of a horse, counting its value at about $80. Boyd offered the horse to Pratt, at his ( Boyd’s) bargain, but Pratt refused to accept it, and sued Boyd for the converted note. It was proved that Lewis, the maker of the converted note, had no property subject to…