First Nat. Bank of Gorman v. Mangum

Statement of Case.

HIGGINS, J.

This suit was filed by Man-gum against the First National Bank of Gor-man. The material allegations of the petition were: That on November 1, 1913, he entered into a contract with the bank whereby it agreed to extend to him a line of credit to enable him to buy peanuts and other farm products during the shipping season which would end April 1, 1914. That plaintiff was to buy the products and execute his check or draft on the bank for the purchase price thereof, and, when a carload was obtained, the same was to be sold and proceeds applied to the payment of such…