Allison Hill Trust Co. v. Sarandrea

This is an action on a draft or trade acceptance of seventy-two dollars dated March 2, 1926, discounted by the plaintiff, a banking corporation, before maturity, and alleged to be held by it in due course. It was drawn on the defendant, who accepted it, by -the Walter S. Schell Co., Inc., a foreign stock corporation, hereafter, for brevity, called the Schell. Co., and was for the purchase price of an onion setter sold by the drawer to the drawee. The setter was sold to the defendant through one Patsy Ausilio, as agent of the Schell Co., and who sold its goods, consisting of onion setters and…