Continental Casualty Co. v. Elliot

McDONALD, Chief Justice.

Elliot Finance Company of Houston was engaged in the business of purchasing notes secured by liens on trailers and other chattels. George Hartman, Jr. had worked for Elliot handling collections on notes. In January, 1948, Hartman opened a trailer sales agency in Port Arthur and requested Elliot to purchase or “discount his paper” on sales made in Port Arthur. Elliot had no processing or collection facilities in the Port Arthur area, but agreed to the arrangement on condition Hartman would undertake collection and processing duties on the notes, and furnish a bond.

Contin…