Snyder v. Southwestern National Bank

Opinion by

Ms. Justice Schaffer,

This action was brought by the receiver in bankruptcy of Brown & Stevens, private bankers, against Southwestern National Bank to recover the amount of two certificates of deposit which it issued to Brown & Stevens, one for $9,000, and the other for $25,000. The case was heard by the trial judge without a jury and Ms finding was for plaintiff for the full amount claimed. From the judgment entered defendant appeals.

There is no dispute as to the facts and only a single question is involved: Should defendant have been permitted to set off indebtedness incurred by…