Waller v. Sloan

In this opinion when we speak of defendant we refer to Robert F. Sloan. This is a suit on defendant’s undertaking to hold kiln wood belonging to plaintiff, and in his possession and intended for sale to the Charlevoix Rock Products Company, until estimates of amount wanted by the company from month to month were made and paid for and the money placed in bank to the credit of plaintiff. Defendant was manager of the company and breached his agreement with plaintiff by letting the company have the wood without payment. Evidently the financial condition of the company was such that plaintiff was…