Court of Appeals for the Second Circuit May 8, 1911, No. 163 (International Banking Corp. v. Payne)

LACOMBE, Circuit Judge.

Plaintiff was engaged in the business of buying and selling foreign exchange. Defendant, who was a buyer of foreign exchange and had theretofore bought drafts from plaintiff, applied to it on October 22, 1907, for two drafts on London, amounting to upwards of $15,000. They were drawn and sold to *41him upon an agreement that he would on the same day give his check for them.