Meinhard-Ferst-Doyle Co. v. DeLoach

The amended petition makes substantially the following case: ^The plaintiff, a corporation, is a “commission merchant or factor.” On December 20, 1912, the defendant shipped to the plaintiff five bales of cotton, to be sold by the plaintiff for the account of the defendant, at the same time drawing upon the plaintiff for $437, which the plaintiff paid. The cotton was sold during the months of August, September, and October, 1913, and the net proceeds were credited to the defendant’s account, «leaving a balance of $108.03 due by the defendant to the plaintiff. All the usual and necessary…