Exchange Bank of Perry v. Nichols

In 1910 RE. Doggett, ,a-resident of Perry, Okla., was actively engaged in business and had extensive business relátions with Exchange National Bank of Perry, Okla., plaintiff in error and hereinafter designated as Bank. On July 15th of that year Dog-gett purchased lot 14 in block 24 of the then townsite of Perry, and in pursuance of his oral agreement with Fred G. Moore and H. A. McCandless,. president and cashier, respectively, of the Bank, the lot was conveyed, to Mc-Candless individually with the understanding that he would hold it as' security for all indebtedness of Doggett to the Bank…