White Truck Sales of Saginaw, Inc. v. Citizens Commercial & Savings Bank

This is a suit in equity. The plaintiff, the White Truck Sales of Saginaw, Inc. (here .after known as White Truck), seeks to impress a trust upon funds previously deposited in the account ■of one of its dealers, Collins White Truck Sales, Inc. (hereafter known as Collins), at the Citizens Commercial & Savings Bank, of Flint (hereafter referred to as the hank).

White Truck’s claim is based upon a check issued to it by Collins in the sum of $6,327.44 in payment for a new truck. The bank, after refusing payment ■on the check as a result of insufficient funds, applied nearly all the funds in…