Eady v. Jackson

1. Where a director of a bank, having a deposit therein, individually agrees to make a loan to parties in order to pay and cancel the security of a note due by them to a bank in another city, and, in effecting such loan, receives their promissory note and delivers to them his cheek drawn on his individual deposit, payable to the order of one of the parties, and where the check, after indorsement, is delivered by the makers of the note to the president of the bank and is marked paid, and the amount is deducted by the bank from the lender’s deposit, and the proceeds are held by the bank as a…