Vacuum Oil Co. v. Land Title Guarantee & Trust Co.

By the Court.

By reason of a stipulation there is no controversy as to the controlling facts in this case. Nor is there a dispute about the principles of law involved. As so frequently happens, the difficulty here encountered is that of applying the. law to the facts.

Briefly, the plaintiff claims' that its money constituted a special deposit. Is this correct?. The Court of Appeals so held.

On January 4, 1933, The Land Title Guarantee & Trusty Company opened a commercial or so-called checking account with The Guardian Trust Company. It was designated “The Land Title Guarantee & Trust Co. Escrow…