Shawnee Nat. Bank v. Wootten & Potts
Supreme Court of Oklahoma
Error from District Court, Pottawatomie County; B. F. Burwell, Judge. Action by Wootten & Potts against the Shawnee National Bank. Judgment for plaintiff, and defendant brings error. citing: Glowers v. Snowden (Okla.) 96 Pac. 596; Lanfear v. Blossom, 1 La. Ann. 148; 3 Page on Contracts, §§ 1290, 1292; 1 A. & E. Enc.
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Error from District Court, Pottawatomie County; B. F. Burwell, Judge. Action by Wootten & Potts against the Shawnee National Bank. Judgment for plaintiff, and defendant brings error. citing: Glowers v. Snowden (Okla.) 96 Pac. 596; Lanfear v. Blossom, 1 La. Ann. 148; 3 Page on Contracts, §§ 1290, 1292; 1 A. & E. Enc. L. 1004; Burtneit v. Bank, 38 Mich. 630; Cady v. Bank, (Neb.) 65 N. W. 906; Davis v. Bank (Tex.) 29 S. W. 926; Bank v. Cloxton (Tex.) 77 S. W. 44, Douglass v. Bank, 17 Minn.' 35; Swift v. Williams (Md.) 11 Atl. 835. ■
1Opinion of the CourtDunn, J.
In the fall of 1904, Beatty & Stubbs were cotton buj^ers at Shawnee, Okla., and on the 3d day of September of that year entered into a written contract with the Shkwnee National Bank, plaintiff in error, which we will hereafter designate “defendant,” as follows:
“Shawnee National Bank, Shawnee, Okla — Gentlemen: We, the undersigned, Beatty & Stubbs, agree .that in the opening of our account with the Shawnee National Bank this year, that same shall be conducted on the basis of spot cotton only, and that we will not engage in the speculation of buying and selling futures. It is further agreed…
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