First National Bank of Portland v. Noble

The facts are as follows: John C. and Lillian S. Noble had purchased certain property from T.D. Lee through Kelleck, a broker. Subsequently by written agreement the sale was rescinded. In accordance with the agreement, the property was reconveyed. Mrs. Noble paid T.D. Lee $693.49 in adjustment of items which had arisen while the Nobles were in possession of the property and before the rescission; and E.C. Kelleck, who did business as the West Coast Brokerage Company, on September 21 drew and issued a check for $10,573.50 on the drawee First National Bank, payable to Lillian S. Noble to whom…