Shexneider v. Simon Rice Milling Co.

[1] The opinion of the Court of Appeal, before us for review, makes a correct statement of the law and the facts of the case, in part, as follows:

“Under his contract plaintiff obligated himself to deliver his entire crop [of rice of 1916] to defendant [the advancer and pledgor] before the maturity of his obligation; the latter being given the. right thereunder to sell the crop or to dispose of it in the ordinary course of the market in the manner as if the same belonged to him. * * * The defendant made a sale thereof to itself, the price of which it applied to plaintiff’s indebtedness,…