San Antonio Livestock Market Institute v. First National Bank of Hallettsville

OPINION

SHARPE, Justice.

Appellants brought this suit under Art. 342-704, Vernon’s Ann.Civ.St., against First National Bank of Hallettsville, appellee, for recovery upon nine drafts, alleging in substance that appellee was a “drawee bank”, had retained the drafts in violation of the statute, and that appellants, as payees and owners of the drafts, had elected to treat the bank as having accepted them. After non-jury trial, judgment was rendered that appellants take nothing by their suit.

The above-mentioned statute 1 was in effect at the time of the transactions here in question but has since…