Stough v. E. J. Healy & Co.

Citations

• 75 Kan. 526
• 89 P. 898
• 1907 Kan. LEXIS 95

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>Negotiable Instruments — Obligation to Accept a Draft — Limitation. No obligation to honor any draft excepting one for the price of stock shipped to the drawee is assumed by a live-stock commission firm in writing thus to a bank: “We will honor Mr. Payne’s draft for one thousand dollars on hogs or cattle. Should he want more'at any time, have him call us by phone and we will make arrangements to handle his stock. We limit our customers as we have to keep our bank account up here.”</p>