Modern Equipment Corp. v. Northern Trust Co.

Mr. Justice John J. Sullivan

delivered the opinion of the court.

By this appeal plaintiff, Modern Equipment Corporation, seeks to reverse a judgment for costs entered against it in favor of defendant, Northern Trust Company, in an action tried by the court without a jury. One C. E. Gordon was president and treasurer and the only active officer of plaintiff corporation during the period from April 4, 1931, to July 7, 1933, when the checks upon which this action was brought were drawn and paid.

Plaintiff’s statement of claim alleged substantially that it was a depositor in defendant bank; that it…