Jones v. Clark

Appellant, in 1925, undertook to purchase from appellee Clark a tract of land situated in Willacy county, Tex., for $3,000 in cash, and the assumption of a certain debt against the land. The papers in connection with the transaction were deposited in the First State Bank of Lyford, Tex. Jones, -during January, 1926, attempted to close the deal, and sought to make the cash payment of $3,000 by draft drawn against his account with the People’s Bank in Ozark, Ark. Jones delivered said draft, with deed attached, to the Lyford bank, which accepted it for collection. The Lyford bank forwarded the…