First Mid America, Inc. v. Palmer

White, C. J.-

This suit was brought by the plaintiff, First Mid America, Inc., against the defendant, Kay F. Palmer, to recover upon an account which the defendant had opened with the plaintiff for the purpose of trading commodities futures contracts. The account was opened by the defendant in June of 1973 and closed by the plaintiff in August of 1973. On the date of the closing, the account had a debit balance of $31,329.11.

The defendant alleged three affirmative defenses to the plaintiff’s suit for the account balance. First, that certain orders were entered without authority; second, that…