Old Colony Trust & Savings Bank v. Sherrill-King Mill & Lumber Co.

Opinion op the Court by

Judge Quin

Affirming.

Schultz & Cowen Co., of Chicago, Ills, (hereinafter referred to as the company), in 1913, asked the SherrillKing Mill & Lumber Co. (for brevity called the appellee herein), for prices on lumber. Not being advised as to applicant’s financial standing, appellee made inquiry of appellant (referred to hereinafter as the bank), and was told by one of the bank’s, officers they considered the account good for $2,000.00. Appellee sold a bill of goods to the company amounting to $804.07, taking their notes in payment therefor. The notes were not paid at…