Johnson v. T. M. Dover Mercantile Co.

The T. M. Dover Mercantile Company, a corporation hereinafter referred to as the company, owned on and prior to July 10,1921, $3,600 in United States Grovernment bonds, which on that date it sold and delivered to L. H. Johnson and received in payment therefor the note upon which this suit is based. Johnson at the time was vice-president of the Bank of Hatfield, and he knew that the company had these bonds in the vault of the bank. Johnson had applied to the company several times to buy the bonds. He had no money to pay for the bonds, but proposed to give a note. Finally M. J. Dover, tlie…