McGraw v. Union Trust Co.
Michigan Supreme Court
Appeal from Wayne; Donovan, J. Petition by William T. McGrayv against the' Union Trust Company, as receiver of the-City Savings Bank of Detroit, to offset a claim as a depositor against a note held by said bank. From an order denying the petition, petitioner appeals.
1Opinion of the CourtCarpenter, J.
When the City Savings Bank went into the hands of a receiver, petitioner had on deposit therein several thousand dollars. He was also a party to .a demand note for $1,000, dated February 21, 1899, payable'to the order of the City Savings Bank, signed “H. *522Watson & Co., per W. T. McGraw,” indorsed on the back “ W. T. McGraw.” Petitioner seeks by these proceedings to offset a part of his claim as depositor against said note. The circuit court denied this petition. The material circumstances are these: The name “H. Watson & Co.” was intended to describe the corporation Harry Watson & Co., whose…
2Cases cited2 opinions
- Wetherwax v. PaineMichigan Supreme Court · 1853
- Peninsular Savings Bank v. HosieMichigan Supreme Court · 1897
3Cited by3 opinions
- Andreas v. School District No. 4Michigan Supreme Court · 1904
- McKean v. Enburg Et Ux.Supreme Court of Pennsylvania · 1936
- In re McAllister-Mohler Co.District Court, S.D. Ohio · 1930