Itasca Roller Mill & Elevator Co. v. Wooten

Appellee, a tenant farmer living near Itasca, desiring to plant a portion of his land in spring wheat, went to appellant, on February 24, 1920, for the pur pose of purchasing seed wheat for immediate planting. C. E. Eiser, with whom he dealt, was a stockholder in, and manager of, the business of appellant at Itasca, and upon such application of appellee for seed wheat, sold him 25 bushels for $75 and placed the funds in the treasury of the appellant company. At the time of the sale, Eiser knew that ap-pellee was purchasing the wheat for the purpose of plainting it for a spring crop and…