Atlantic Cement Co., Inc. v. South Shore Bank

BAILEY ALDRICH, Senior Circuit Judge.

For some years plaintiff Atlantic Cement Co., Inc., a Delaware corporation with its principal place of business in Connecticut, had a regular customer, Marshfield Sand and Gravel, Inc. Since November, 1981 Marshfield was allowed an open account. It paid monthly, before the 10th of the month following, in order to receive a discount, usually by check drawn on defendant South Shore Bank. According to plaintiff’s complaint Marshfield’s check drawn on April 9, 1982, in the amount of $44,-166.75, in payment for March deliveries, was deposited by plaintiff in…