Thompson Bros. v. Cummings & Co.
Supreme Court of Georgia
Contracts! Cotton Futures. Principal and Agent. Actions. Before Judge STEWART. Newton Superior Court. March Term, 1881. Reported in the decision.
1Opinion of the Court
Crawford; Justice.
This suit originated on a sight draft for $364.95, drawn by Thompson Bros., on Swann & Stewart, December 12th, 1879, which they refused to pay, and Cummings & Co. sued them and Thompson Bros., the drawers.
The defence set up to this suit was—
(1.) That the draft was drawn to pay the losses upon the purchase of cotton “ futures ” from the plaintiffs, both parties knowing that there Was no cotton held by either, and that the same was nothing but a mere speculation upon chances.
' (2.) Defendants further pleaded that the plaintiffs received and were indebted to the drawers the sum…
2Cases cited2 opinions
- Howell ex rel. Jones v. FountainSupreme Court of Georgia · 1847
- Warren, Lane & Co. v. HewittSupreme Court of Georgia · 1872
3Cited by11 opinions
- Forsyth Manufacturing Co. v. CastlenSupreme Court of Georgia · 1900
- Anderson v. StateCourt of Appeals of Georgia · 1907
- Cunningham v. National BankSupreme Court of Georgia · 1883
- Fortenbury v. StateSupreme Court of Arkansas · 1886
- Singleton v. Bank of MonticelloSupreme Court of Georgia · 1901
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