McCormick Harvesting Machine Co. v. Breen

In 1891, appellee purchased a McCormick binder of appellant’s agent, W. T. Daniher, for $135, for which he paid $35 cash and executed two promissory notes for $50 each, payable to appellant, one due October 1,1892, and the other due October 1, 1893. The notes were delivered to appellant. Daniher was at the time, in addition to acting as the agent of appellants, engaged in merchandising and buying produce at the village of Kinsman. Speculations on the Chicago Board of Trade resulted disastrously to him, and in September, 1893, he failed and left the place. A receiver was appointed to take…