Farmers Bank v. Eledge

(dissenting) : Action for $131.70 and interest, growing out of the following transaction :

During the year 1920, the defendant Eledge was a tenant upon a place which belonged to the defendant Allison. On March 5, 1920, Allison wrote, a letter to the plaintiff back, as follows:

“Mr. Eledge. will want about $125 to make a crop on. If you will let him have it, I will sign note with him, oblige.”

On April 5, 1920, Eledge applied to the bank for a loan of $125, and exhibited Allison’s letter. Upon the strength of that letter the bank let him have $125, and had him sign a note for $131.70, payable…