Widett v. Pilgrim Trust Co.

The plaintiff was appointed trustee in bankruptcy of Tremont Lobster House, Inc., hereinafter called Tremont, on December 26,1950. In this action, in several counts, he seeks as trustee to recover from the defendant bank, hereinafter called Pilgrim, the sum of $25,660.25, and interest. The sum stated is the total of eighteen checks paid to Pilgrim by Tremont from April 30,1947, to November 29, 1948, inclusive, which were credited on a note of Tremont’s stockholders dated March 17, 1947. The note was secured by a chattel mortgage on personal property of Tremont. The note and mortgage were held…