Farmers Cooperative Livestock Market, Inc. v. Second National Bank of London

CLAY, Commissioner.

This is a suit by appellant payee to recover the face amount of a negotiable instrument which was not honored or paid by appellee bank. The trial court granted the latter summary judgment.

On September 30, 1965, Murlun C. Williams, an alleged agent of Robert Martin, purchased some cattle from appellant. In payment therefor Williams signed a draft in the amount of $7,687.01, payable to the order of appellant. This instrument was drawn on appellee and contained the notation, “To (be) Charged to Acct. of Robert Martin”. It was deposited with the Northwestern Bank of Jefferson,…