Farmers Savings Bank v. Planters Terminal Elevator Co.

The Planters Terminal Elevator Company was a corporation.organized under the Iowa law. It had a contract with the defendant Parrott to sell its stock at a fixed fee. One Burdette was engaged in selling the stock of the company, and sold to one E. Paul. Jenks $10,000 worth of said stock, for which Jenks made his two “myself” notes for $7,000 and $3,000, respectively. It is the latter note Avhich is involved in this controversy.

Burdette was selling this line of stock Avith some other lines of stock in Clarke County about the time in controversy, and Avas staying at a hotel in Osceola in Clarke…