First Nat'l Fin. Corp. v. Five-O Drilling Co.

This is an action to recover upon a trade acceptance. The instrument sued on reads as follows:

“Trade Acceptance

“Long Beach Branch

“Security Trust & Savings Bank

“Long Beach, Calif.

“ (Head office Los Angeles)

“32970 Long Beach, California, February 7th, 1923 Due Apl 7th, ’23.

“On April 7th, 1923, pay to order of Ourselves Twenty-five Hundred and no/100 Dollars ($2500.00).

“The obligation of the acceptor hereof arises out of the purchase of goods from the drawer. The drawee may accept this bill payable at any bank, banker or trust company in the United States which he may designate.

‘ ‘ To Roy Evans…