Paulk v. Union Banking Co.

M. L. Paulk, on December 11, 1930, deposited with the Union Banking Company of Douglas a draft for $1010, drawn on the Mountain City Mills, of Chattanooga, Tenn., Avith an “order-notify” bill of lading attached, for a carload of corn. It was admitted that this draft was so deposited Avith the Union Banking Company for collection, and that the relation of principal and agent Avas thereby created betAveen Paulk and the bank. It also appears that Paulk had at the time a checking account in said bank and that he subsequently thereto made other deposits on such checking account. The draft for…