Mobile Federal Savings & Loan Ass'n v. South Carolina National Bank

MERRILL, Justice.

This is an appeal from a decree overruling respondent’s demurrer to the bill as a whole and to each of three separate aspects of the bill as amended.

The original bill was filed by the South Carolina National Bank, appellee, alleging that it cashed a certified check for $500 for one Walter Crain drawn on The Hancock Bank of Gulfport, Mississippi, and at the same time, Crain deposited with appellee for collection a savings certificate of deposit in the amount of $10,000 which had been issued to him by the respondent-appellant, Mobile Federal Savings and Loan Association. It was…