Bank of California v. National City Co.

The plaintiff bank commenced this action in the superior court for King county, seeking recovery from the defendant company of twelve, interest bearing bonds of the face value of $500 each, issued by the Pacific Gas & Electric Company of California; or, in the alternative, the value of the bonds, if delivery thereof cannot be had. A trial upon the merits without a jury resulted in findings and judgment awarding to the plaintiff recovery of the value of the bonds, their delivery not being possible because of the defendant’s disposition of them. From this judgment the defendant has appealed to…