Steifel v. Farmers State Bank

This is an action by Louis Steifel and Ben Levy, appellants herein, against the Farmers State Bank of Stroh, for money had and received. The court found the facts specially. The questions presented for decision relate to the conclusions of law. The salient facts are, in substance, as follows:

On July 1, 1920, Charles B. Bower, owner and operator of a grain elevator at Helmer, in Steuben county, and engaged in conducting a grain, feed, flour and coal business, and appellants, who were then and now are grain merchants, and located at Fort Wayne, entered into a written agreement, by the terms of…