Bank of Picher v. C. D. & G. Inv. Co.

REID, C.

On May 26, 1927, the Picker Motor Company of Picher, Okla., gave to the C. D. & G. Investment Company, a corporation, as payment on debt a check for $500 and another for $516.01. On the next day these checks were deposited by the payee in the Bank of Picher, Okla., and credit for the amount of the checks was at that time given to the depositor by the bank. On August 13, 1927, these checks were charged back against the account of the depositor, C. D. & G. Investment Company, whereupon the investment company then drew its cheek on the bank for the amount so charged back. Payment of this…