Caroline State Bank v. Andrews

In February, 1928, the deféñdánt and thé Lily Lumber Company (hereinafter called the Lumber Company) *395contracted for the sale to the defendant, at specified prices, of all of the Lumber Company’s 1928 cut of maple lumber, which was to be cut, piled, cared for, and loaded on cars by the Lumber Company. In that connection the defendant executed his negotiable notes for $11,000, for the accommodation of the Lumber Company, which' it discounted at the plaintiff’s bank and elsewhere, to procure funds for the purchase of logs and the operation of its sawmill. No title to the lumber was acquired by…