Pennington v. Third National Bank
Supreme Court of Virginia
Appeal from a decree of tlie Law and Chancery Court of the city of Norfolk, in which the appellant intervened. Decree for the complainant. Intervenor appeals.
1Opinion of the CourtWhittle, J.
(after making the foregoing statement of facts), delivered the opinion of the court.
In our view of this case it lies within much narrower limits than the scope of the argument would indicate.
The general doctrine is settled that the collection of a draft by a bank for a customer in the ordinary course of business and placed to the customer’s credit amounts to a general deposit by the latter, and creates the relation of debtor and creditor between them. In such case the customer or depositor has the right to demand of the bank an equivalent amount of money, but not the specific coins or other…
2Cases cited12 opinions
- St. Louis & San Francisco Railway Co. v. JohnstonSupreme Court of the United States · 1890
- Atlantic Cotton Mills v. Indian Orchard MillsMassachusetts Supreme Judicial Court · 1888
- Holden v. . New York and Erie BankNew York Court of Appeals · 1878
- Morris v. Georgia Loan, Savings & Banking Co.Supreme Court of Georgia · 1899
- Cook v. American Tubing & Webbing Co.Supreme Court of Rhode Island · 1906
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3Cited by9 opinions
- Federal Reserve Bank v. PetersSupreme Court of Virginia · 1924
- Board of Supervisors v. Prince Edward-Lunenburg County BankSupreme Court of Virginia · 1924
- Federal Reserve Bank of Richmond v. State & City Bank & Trust Co.Supreme Court of Virginia · 1928
- State Bank v. PayneSupreme Court of Virginia · 1931
- Barnard, Rec. v. BlackIndiana Court of Appeals · 1930
4 more not listed; retrieve them via the Exa API.