Vaughn v. Wells

Opinion op the Court by

William Rogers Clay, Commissioner

Affirming.

On March 31, 1914, W. W. Wells sold and conveyed to J. C. Yanghn and Martha Yanghn, his wife, a-tract of land in Laurel county consisting of forty acres more or less. Of the consideration of $1,000.00 J. C. Vaughn paid $100.00 in cash and drew his check on the First National Bank of London for $900.00. In due time this check was deposited for collection in the First National Bank of East Bernstadt and presented for payment at the First National Bank of London. Before the arrival of the check, however, the latter bank ceased to…