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GILLILAND & ECHOLS FARM SUP., ETC. v. CREDIT EQUIP. CORP.

7 Div. 433.

112 So.2d 331 (1959)

GILLILAND & ECHOLS FARM SUPPLY & HATCHERY v. CREDIT EQUIPMENT CORPORATION.

Supreme Court of Alabama.

May 21, 1959.

Attorney(s) appearing for the Case

W. M. Beck, Fort Payne, for appellant.

W. W. Watson and John C. Wear, Fort Payne, for appellee.

MERRILL, Justice.

This is an appeal from a final judgment in favor of the plaintiff, in the Circuit Court of DeKalb County, in a suit on two trade acceptances. A trade acceptance is a draft or bill of exchange drawn by a seller on the purchaser of goods sold, and accepted by the purchaser. Its purpose is to make the book account liquid and permit the seller to raise money on it before it is due under the terms of sale. Legal...

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