Barr Rubber Products Co. v. Fulton

OPINION

By LLOYD, J.

Mr. Nelt Barr, then president of The Barr Rubber Products Company, died on February 20, 1932. His life was insured in the sum of $175,000 for the benefit of the company, $100,000 of which the company, on March 29, 1932, deposited in its commercial account in The Commercial Banking & Trust Company, Sandusky, Ohio. On this same day the company by check on its commercial account deposited $75,000 in the trust department of the bank, receiving from it the following receipt-agreement, viz:

“March 29, 1932.

“Received from The Barr Rubber Products Company, Sandusky, Ohio, its check…