General Finance Corporation v. Milwaukee Western Bank

General Finance Corporation brought this action against Milwaukee Western Bank in the United States District Court for the Eastern District of Wisconsin. It sought to recover on the first two claims for relief, the proceeds of ten checks, totalling $91,100, drawn on defendant, payable to plaintiff and which defendant refused to pay. On the third claim for relief, plaintiff sought to recover the proceeds of a draft of $30,500, endorsed to defendant and accepted and paid by plaintiff.

The facts were stipulated by the parties. The issues of liability and damages were severed. The questions of…