Citizens' Trust Co. v. R. Prescott & Son, Inc.

This action is brought to recover $15,000 and interest from November 15, 1925, upon a trade acceptance, dated on that date, drawn by the defendant R. Prescott & Son, Inc., and accepted by the Thermiodyne Radio Corporation, which corporation was at that time indebted to the drawer in the sum of $15,000 for the purchase of goods, wares and merchandise, and which said trade acceptance was indorsed by the defendants R. Prescott & Son, Inc., William Maynard Levy and John W. Guibord, in the order named, and which, on or about the 18th day of November, 1926, was discounted by the plaintiff for the…