Waxahachie Nat. Bank v. Forreston Gin Co.

This suit was brought by the Waxahachie National Bank against the Forreston Gin Company, as indorser, to recover on a trade acceptance held by the bank, subject to a credit of ¡¡>164 shown on the instrument. The case was tried to a jury, and resulted in a judgment for the bank. The Court of Civil Appeals reversed that judgment and remanded the cause. 31 S.W.(2d) 355.

The instrument sued on was drawn by the gin company against Ferris Watson, in his trade-name of Watson Seed Company, on October 28, 1921, for the sum of $3,701.93. By its terms the instrument is payable to the order of said gin…