Morris v. Packard Dallas Co.

This appeal is from a judgment which applied the equity maxim that where as between two innocent parties, one must suffer on account of a wrong perpetrated by a third person, the loss will be placed on him whose acts made the wrong possible.

The essential facts which gave rise to the present controversy are not in dispute. The plaintiff in error was the owner of a nonnegotiable registered, series “A” note No. AR-1664 of the Oklahoma Natural Gas Company, which note had a face value of $1,500. On, September 5, 1935, the plaintiff in error sold the above-mentioned note, together with ten shares…