Abilene Flour Mills Co. v. Jackson Lumber Co.

The courts and annotators have given considerable attention to the general question involved in this case. They note some important distinctions, but in the main agree that, if one draws a sight draft and sends it to a bank for collection, with no special instructions, and the.drawee has a general deposit account in that bank with a balance sufficient to take’ care of the amount and draws a check on the same, bank for the amount of the .draft and delivers it to the bank, and it has on hand sufficient funds, and the draft is by the bank marked paid and delivered to the drawee, it ordinarily…