El Capitan Land & Cattle Co. v. Boston-Kansas City Cattle Loan Co.

The opinion of the court was delivered by

Smith, J. :

The El Capitan Land and Cattle Company, a corporation, sold cattle to C. T. and C. L. Bradley, and took from them a note for $11,315.50 in payment therefor. The note was made payable to J. A. Hocket, an employee of the plaintiff in error, who had no interest in it. Payment of the note was afterward guaranteed by Hocket and the El Capitan com*360pany, and it was turned over to the Zeb. F. Crider Commission Company. The note was secured by a chattel mortgage executed by the Bradleys on 409 head of cattle. M. E. Richardson was president of the…