First Federal Savings & Loan Ass'n v. Commercial Union Insurance

Deen, Judge.

The Dobbs & Company contract obligated it to collect rents, make disbursements relative to the building, including contracts for cleaning services, deduct its own commissions and expenses for the management of the building and remit the balance to the bank accompanied by proper receipted vouchers covering all expenses and disbursements. Over a period of months it failed to furnish vouchers but did attach a statement listing receipts and charges, together with bills marked “processed” but not otherwise shown to have been paid. Mr. White, comptroller and treasurer of the bank, and…