Edirose Silk Manufacturing Co. v. First National Bank & Trust Co.

Opinion by

Mr. Justice Patterson,

Appellant corporation, Edirose Silk Manufacturing Co., on August 18, 1936, filed its bill in equity demanding an accounting by appellee, First National Bank & Trust Co., of moneys received by it and its predecessors, Northampton Trust Co. and First National Bank of Easton, under agreements entered into with the last two mentioned banks by one Louis Sulkin, president of the silk company, individually and for and on behalf of the corporation, following the suspension of corporate business operations, owing to financial difficulties, in September of 1924.

Under an…