Noah's Ark Auto Accessories, Inc. v. First National Bank

This action was brought by plaintiff, Noah’s Ark, as assignee of First National City Bank and Hubshman Factors Department to recover from the defendant First National Bank the sum of $14,990.78 which represents the total amount set off by the defendant to cover an obligation owed *945to it by the plaintff. The action was submitted on a statement of stipulated facts.

On February 5,1966 plaintiff entered into an accounts receivable security and finance agreement with the First National City Bank and Hubshman Factors Department under which Noah’s Ark was to deposit collected receivables in a special…