Ortiz Oil Co. v. Farmers' State Bank

WALKER, Chief Justice.

On the 15th day of June, 1934, “Ortiz Oil Company, by J. I. Staley, president,” gave to W. I. Davis a check for $1,000 drawn on the City National Bank, Wichita Falls, Tex., reciting on its face “in payment of lease 1240 @ $860.00 pd in cash.” W. I. Davis on his personal indorsement cashed this check at Farmers’ State Bank, a private banking corporation domiciled at Center, Shelby county, Tex., and paid the $1,000 to Pittman (E. W. Pittman). Through its banking connections the Farmers’ State Bank forwarded this check to the drawee for payment, but, upon presentation,…