Hajoca Corp. v. Security Trust Co.

Rodney, J.,

delivering the opinion of the Court:

The relation of depositor and banker arises only out of contract, express or implied. A depositor may stipulate as to the manner in which or by whom the money in an account may be drawn out, or what funds may be deposited therein. In general, so long as no statute or *521other rule of law is violated, or the rights of third persons injuriously affected, the parties may contract as they see fit as to the terms and conditions by which the bank shall be bound.

In the instant case the terms of the contract of deposit are precise and certain. Expressly the…