Doane v. Knoxville Investment Corp.

■ This cause arose out of a transaction involving1 real estate alleged to have been sold through the agency of the defendant. The bill was filed by Bales, vendor, and Doane, the vendee, under a warranty deed to charge the defendant with a loss resulting from its failure to discharge a lien on the land with funds intrusted by them, or by Bales to its care.

The chancellor sustained defendant’s demurrer to the bill, holding (1) that under the facts presented. the defendant was acting for itself and not as agent for complainants, and is not liable; (2) that complainants admitted the sufficiency of…