Carolina Bagging Co. v. Byrd

Plaintiff sold to J. M. Byrd & Company, of Coats, Harnett County, a carload of cotton bagging for $1,125 cash, and had it shipped to them on 21 October, 1920, drawing a draft attached to the bill of lading, which it deposited in the Citizens Bank and Trust Com pany of Henderson for collection. Said bank sent the draft and bill of lading to the Bank of Coats, N. C., of which N. T. Patterson, of defendant firm, was president, for collection of the draft and the delivery to defendant firm of the bill of lading.

N. T. Patterson, president of the Bank of Coats, and a member of defendant firm,…