Land Finance Corp. v. Sherwin Electric Co.

This is an action of contract on two trade acceptances drawn by the Autocrat Sales & Distributing Corporation on the defendant, and accepted by it, payable to the order of the drawer, and indorsed by it to plaintiff before maturity. The defense now relied upon is fraud in procuring the acceptances. Trial was by jury, resulting in a verdict and judgment for the defendant.

On April 18, 1925, the defendant entered into a “Special Agency Agreement, ’ ’ in writing, with the Autocrat Sales & Distributing Corporation, hereafter called the Company, for the term of one year, and ordered from it seven…