Harkness v. Chase National Bank

The action is based upon a traveler’s letter of credit issued by the. defendant to one Grandgerard. The action previously brought in this court upon the letter of credit was dismissed upon the ground that the letter of credit in question was not negotiable and that the plaintiff had not complied with the conditions imposed. The present cause of action is for moneys had and received. The complaint alleges $3,000 was deposited by one B. I. Grandgerard in the defendant bank, and which defendant agreed to repay to his order or assignee on demand, and that the alleged claim has been assigned by…