Mercantile Protective Bureau v. Specht

This is an action brought by the plaintiff as holder of the following trade acceptance:

“Trade Acceptance

“$285.00 April 27, 1927.

“Sixty days after date pay to tbe order of Farmers & Ranchers-, Stock Salt Oo., Inc. Omaha, Nebr. Two Hundred and Eighty-five Dollars. 'The obligation of the acceptor hereof arises out of the pms chase of goods from the drawer.

“To Wellsburg Supply Store, Wellsburg, No. Dak.

“Farmers & Ranchers Stock Salt Oo., Inc.

“By E. M. Bechtelheimer Pres. & Treas.”

The above instrument bore upon its face an acceptance as follows:

“Accepted April 27, 1927. Bank Farmers State Bank.…