Bowles v. Oakman

Plaintiff Bowles sued on a promissory note, dated June 13, 1918, due in 90 days, for $873, payable to William S. Thomas and made by the defendant Oakman. Thomas was named payee for convenience. The note was one of a series owned by James Walker and his associates who had ventured into a land deal. Thomas indorsed the notes without recourse. Walker and his associates turned the note in'question, with other notes, over to Bates to be negotiated and used for their benefit. Bates indorsed in blank, and, in fraud of Walker and his associates, and in breach of trust, pledged the note in question…