First National Bank v. Farmers Savings Bank

Peterson-Biddick Company is a corporation, having its principal place of business at Wadena, Minnesota. On or about the 13th of January, 1920, it sold a carload of potatoes to one Keith, who resided at Traer, Iowa, The potatoes were shipped by said Peterson-Bid-dick Company, consigned to said company, Peterson-Biddick Company drew a sight draft on Keith for the net amount due for said potatoes, being the sum of $1,494.34. The sight draft and bill of lading were negotiated by Keith to the appellee bank. It is the contention of appellee that the said sight draft, with the bill of lading and a…