Atlantic City National Bank v. Commercial Lumber Co.

The opinion of the court was delivered by

Bodine, J.

This appeal brings up a judgment in the Essex Circuit entered after the defendant’s answer has been struck as frivolous. The Atlantic City National Bank brought suit to recover the amount credited by it upon a check of the Commercial Lumber Company drawn to the order of the Atlantic Woodworking Company and deposited with it. The check was indorsed “for deposit only to the credit of the Atlantic Woodworking Company.” The defendant’s answer sets up that the endorsement was restrictive, and that the bank took subject to all defenses good against…