Standard Grocer Co. v. First Security Bank of Idaho

In August, 1936, the Standard Grocery-Company of Stuttgart purchased a car load of potatoes from the Idaho Packing Corporation for the sum of $765.90. A draft was drawn by the Packing Corporation on the Standard Grocer Company, payable to the First Security Bank of Idaho, which draft, with bill of lading attached, was transmitted to the Peoples National Bank of Stuttgart for collection. The consignee, Standard Grocer Company, paid the draft to the collecting bank and immediately filed suit against the Packing Corporation for damages alleged to have been sustained by it on a previous shipment…