Traders' Securities Co. v. J. E. Oslin & Son

Opinion of the Court by

Judge Clay

— Reversing.

On November 29,1926, the Arch Manufacturing Company drew five bills of exchange on J. E. Oslin & Son, a partnership composed of J. E. Oslin and T. E. Oslin, and doing business in Logan county. The bills, which were duly accepted by the firm, were for $59.60 each, and were payable respectively in three, five, seven, nine, and twelve months from date. On January 24, 1927, and before their maturity, the acceptances were sold and transferred by the Arch Manufacturing Company to the 'Traders’ Securities Company. In this action by the Traders’ Securities…