Shippee v. Pallotti, Andretta Co., Inc.

Prior to 1929, Pallotti, Andretta & Company were engaged, in Hartford, in the business of private bankers and of receiving money for transmission, and in 1929 the defendant corporation was organized and succeeded to and thereafter carried on the business. On March 28th, 1928, Pallotti, Andretta & Company deposited with The Riverside Trust Company, hereafter referred to as the Trust Company, in its commercial department, $40,000, and the Trust Company issued and delivered to them a certificate of deposit in that amount in the following form:

“Riverside Trust Company

Hartford, Conn., March 28,…