Wm. G. Wetherall, Inc. v. Kramer

KELLY, Associate Judge:

John H. Lewis, trading as Lewis Iron Works, contracted with appellee I. Melvin Kramer to furnish and erect certain miscellaneous iron and steel work at one of Kramer’s construction sites. In order to purchase the necessary steel products on credit and to obtain an advance of cash from appellant Wm. G. Wetherall, Inc., Lewis exhibited his contract with Kramer to an officer of the Wetherall corporation who agreed to accept an assignment of the contract from Lewis as security. Lewis then returned the contract to Kramer, who initialed a written assignment reading that

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