Strong v. Ten Cent Tutor Building & Loan Ass'n
Supreme Court of Pennsylvania
Appeal, No. 134, Oct. T., 1898, by defendant, from judgment of C. P. No. 2, Allegheny County, April T., 1897, No. 600, on verdict for plaintiff. Assumpsit to recover money loaned.
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Appeal, No. 134, Oct. T., 1898, by defendant, from judgment of C. P. No. 2, Allegheny County, April T., 1897, No. 600, on verdict for plaintiff. Assumpsit to recover money loaned. At the trial it appeared that plaintiff had twenty shares of stock in defendant company, a corporation, that they had been subscribed April 18, 1896 ; that she had- paid weekly dues, at different times, to the amount of $64.02, and was entitled to dividends of $1.28, making $65.30, which she was entitled to, as admitted in the affidavit of defense. On June 19,1896, she gave a check to the treasurer of the defendant…
1Opinion of the Court
Per Curiam,
Without stopping to consider the other reasons stated in the opinion of the court below for holding that the defendant was bound by the payment of the $1,000 by the plaintiff, it is enough to know that she gave her cheek for the amount payable to the order of the defendant company. On that check no money could be obtained without the indorsement of some authorized officer of the association. In point of fact it was indorsed by the treasurer, and as he was the proper person to make such indorsement it cannot for a moment be doubted that the defendant was responsible for his act. The…
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