Continental National Bank & Trust Co. v. Stirling

Appellant is a national banking corporation with its principal place of business at Salt Lake City, Utah. The Sweet Coal Company, a Utah corporation, mined and sold coal to purchasers. Respondent, Stirling, a resident of Pocatello, conducted a business at the latter place and among other things was operating a retail coal business.

This action is brought upon what is commonly called a trade acceptance, a commercial paper, in the form of a draft. The face of the draft reads as follows:

On the. back of the paper are the following endorsements:

The trade acceptance was given by respondent acceptor…