Legal Opinion
Aarons v. Pub. Ser. B. L. Assn.
Supreme Court of Pennsylvania
Decided January 8, 1935PublishedCited by 43 opinions
1Opinion of the Court
This appeal involves the garnishee's right, in attachment execution, to set off a debt due by defendant to the garnishee.1
On August 19, 1932, the garnishee bank held defendant's $25,000 demand note, on which $11,000 was owing. On the same date, defendant had a checking account with a credit of $4,966.55. The net result was that the bank was not indebted to defendant. Such cross demands extinguish each other by operation of the defalcation statute: Com. v. Clarkson, 1 Rawle 291; Fisher v. Davis, 278 Pa. 129, 122 A. 224.
With the accounts between the bank and its customer in that condition, the…
2Cases cited38 opinions
- Schuler v. IsraelSupreme Court of the United States · 1887
- Austin-Nichols & Co. v. Union Trust Co.Supreme Court of Pennsylvania · 1927
- Cook v. CarpenterSupreme Court of Pennsylvania · 1905
- Swearingen v. Sewickley Dairy Co.Supreme Court of Pennsylvania · 1901
- Dominion Trust Co. v. HildnerSupreme Court of Pennsylvania · 1914
33 more not listed; retrieve them via the Exa API.
3Cited by43 opinions
- George P. Baker, Trustees of the Property of Penn Central Transportation Company v. National City Bank of ClevelandCourt of Appeals for the Sixth Circuit · 1975
- Bell, Secy. of Banking v. BradySupreme Court of Pennsylvania · 1943
- Susquehanna Chemical Corp. v. Producers Bank & Trust Co.Court of Appeals for the Third Circuit · 1949
- Pittsburgh National Bank v. United StatesCourt of Appeals for the Third Circuit · 1981
- Pioneer Commercial Funding Corp. v. American Financial Mortgage Corp.Supreme Court of Pennsylvania · 2004
38 more not listed; retrieve them via the Exa API.