Eastern Shore Trust Co. v. Lockerman

The Eastern Shore Trust Company, on June 10th, 1922, took a confessed judgment against the Eastern Shore Brokerage and Commission Company, called herein the brokerage company, for $4,485.10. In September, 1919, Charles A. Loekerman, a canner operating at CrisfLeld, Maryland, had fifteen hundred cases of pears which he wished to sell, and as a result of negotiations between liim and James A. Colbert, general manager of tbe brokerage company, the latter sent Loekerman its check for $5,000. Later it asserted that the $5,000 was loaned to Loekerman, but he claimed that the brokerage company had…