Spies v. Stang

During the years 1918, 1919, and 1920, the Havelock Equity Exchange owned and operated an elevator at Have-lock, North Dakota, wherein it carried on the business of buying and selling grain, seed, twine, fuel, gasoline, etc. During this time the defendant Stang was a customer of the Havelock Equity Exchange and from time to time purchased from it on credit various articles of merchandise of the kind handled by the Exchange and from time to time made payment on his account. On January 23, 1922, the Havelock Equity Exchange was adjudged a bankrupt in the H. S. District Court for the district of…