City National Bank v. Bob's Candy & Pecan Co.

J. W. McConnell & Sons, of San Saba, Texas, drew a draft on Bob’s Candy & Pecan Company, of Albany, Georgia. *38The draft was made payable to the City National Bank of San Saba, Texas. Before McConnell & Sons deposited the draft in the Texas bank it inquired of the Albany Exchange National Bank, of Albany, Georgia, whether it would pay the draft. In response to this inquiry the Albany bank wired: “We guarantee payment on draft drawn by McConnell on Bob’s Candy & Pecan Company when properly supported by original bill of lading and weight certificate covering 40,000 pounds of pecans four and one…