Southern Coal Co. v. McAlpine Coal Co.

In this case the Southern Coal Company brought suit against the Mc-Alpine Coal Company to recover the sum of $2,800. The facts involved are about as follows:

On March 1, 1933, the McAlpine Coal Company, not being able to pay its bills, got in touch with tilie Southern Coal Company, with which it had done business in the past, and asked for a loan of $2,800 with which to meet its pay roll. Upon inquiry as to what security could be given for the loan, the McAlpine Coal Company, by its officers, informed the Southern Coal Company that it had 22 cars of unsold coal on its tracks and that would be…