McCarty Bros. v. Fort Dearborn National Bank

2. Banks and banking, § 131*—what is effect of certification of cheek on liability of bank. While a check itself does not operate as an assignment of any of the funds to the credit of the drawer, upon the certification of the check, the bank becomes liable to the holder. 3. Banks and banking, § 131*—certification of check as creating relation of creditor and debtor between holder and bank. When a check is certified, a contract between the holder of the check and the bank is at once created, the bank becoming the direct debtor to the holder. 4. Banks and banking, § 131*—when drawer cannot…