The People v. Snyder

In June, 1924, the Central States Finance Corporation of Chicago arranged to discount customers’ notes taken from time to time by plaintiff in error, Glenn W. Snyder, a Chevrolet automobile dealer at Watseka. A special form of judgment note, application for insurance and purchaser’s statement, and dealer’s statement and recommendation, were supplied to plaintiff in error for use by him when the customer bought his automobile on the deferred payment plan. It was agreed that when a note was to be discounted plaintiff in error was to draw a sight draft on the Central States Finance Corporation,…