Lamis v. Des Moines Elevator & Grain Co.

The transaction involved herein occurred in July, 1927. The plaintiff was a grain dealer at Chillicothe, Iowa. The defendant was a grain dealer at Des Moines. The parties were well acquainted, and had had similar transactions hitherto. On July 18th, the plaintiff wired the defendant for a quotation on No. 2 yellow corn. The defendant wired in reply that there was no No. 2 yellow corn, and quoted a price of $1.01% for No. 3 yellow corn. Thereupon, either on the same day or on the follow-the plaintiff called the defendant by telephone, whereby very brief conversation was had. The plaintiff…