Salem Trading & Finance Co. v. Peterson

This was an action of assumpsit upon a trade acceptance for $288, dated July 15, 1924, and payable September 15 thereafter. Plaintiff formerly had purchased such acceptances from Asbestos Ltd. among others. The evidence shows that the defendant’s name is signed to a certain order for material; that there was fraud in connection with the securing of such order and that defendant never actually ordered the goods for which this acceptance purported to have been given to Asbestos Ltd. The goods according to the sales slip were sold on July 15. The acceptance bears the same date and between July…