Choctaw Grain Co. v. First State Bank of Jet

Plaintiff in error was engaged in buying grain at various points in Oklahoma, one being' at Jet, where it had a grain elevator and imrchased grain from farmers and others. In so doing it employed one Townsend as its agent to buy grain at Jet, and furnished him with necessary blank checks with which to pay therefor, and authorized him to sign the checks for such purpose. While so employed, Townsend, with another, made out several checks in regular form purporting to be payable to farmers in that vicinity, and in payment for wheat, when in fact no wheat or other grain had been purchased.…