Watauga County Bank v. McQueen

The defendant owned a mercantile business in the town of Bntler, J ohnson county, and a branch store in Neva, in the same county. In charge of the latter business was one L. J. Markland, who was managing the branch business as the general agent of the defendant, and, as such, was largely engaged in buying country produce. The custom of the business was to pay for the produce by drawing bills of exchange on McQueen at Butler, payable at the Johnson County Bank at Bnt-ler. These bills were signed by Markland. He drew thirty or forty of them a month, and, in the course of the two years he had…