GARRECHT, Circuit Judge.
On July 12, 1930, the appellee Richfield Oil Company of California borrowed the sum of $625,000 from appellant for which it executed and delivered to appellant its promissory note of even date. This note was unsecured at the time of its execution.
Later, appellant's foreign department entered into a series of transactions with Richfield involving the latter's foreign drafts. Appellant, as a result of these transactions, received the...
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