Legal Opinion
Aarons v. Public Service Building & Loan Ass'n
Supreme Court of Pennsylvania
Decided March 25, 1935No. Appeal, No. 274PublishedCited by 25 opinions
1Opinion of the Court
Opinion by
Mr. Justice Linn,
This appeal involves the garnishee’s right, in attachment execution, to set off a debt due by defendant to the garnishee.1
On August 19, 1932, the garnishee bank held defendant’s $25,000 demand note, on which $11,000 was owing. On the same date, defendant had a checking-account with a credit of $4,966.55. The net result was that the bank was not indebted to defendant. Such cross demands extinguish each other by operation of the defalcation stat-. ute: Com. v. Clarkson, 1 Rawle 291; Fisher v. Davis, 278 Pa. 129, 122 A. 224.
With the accounts between the bank and its…
2Cases cited39 opinions
- Schuler v. IsraelSupreme Court of the United States · 1887
- Austin-Nichols & Co. v. Union Trust Co.Supreme Court of Pennsylvania · 1927
- Cook v. CarpenterSupreme Court of Pennsylvania · 1905
- Swearingen v. Sewickley Dairy Co.Supreme Court of Pennsylvania · 1901
- Dominion Trust Co. v. HildnerSupreme Court of Pennsylvania · 1914
34 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- George P. Baker, Trustees of the Property of Penn Central Transportation Company v. National City Bank of ClevelandCourt of Appeals for the Sixth Circuit · 1975
- Bell, Secy. of Banking v. BradySupreme Court of Pennsylvania · 1943
- Susquehanna Chemical Corp. v. Producers Bank & Trust Co.Court of Appeals for the Third Circuit · 1949
- Pittsburgh National Bank v. United StatesCourt of Appeals for the Third Circuit · 1981
- Pioneer Commercial Funding Corp. v. American Financial Mortgage Corp.Supreme Court of Pennsylvania · 2004
20 more not listed; retrieve them via the Exa API.