Shehadi v. Northeastern Nat. Bank of Pa.

OPINION OF THE COURT

MANDERINO, Justice.

The appellee, John Shehadi, trading as Shehadi Brothers, sued the appellant, Northeastern National Bank of Pennsylvania, hereinafter the Bank, in assumpsit. In substance, Shehadi alleged that the Bank wrongfully appropriated the sum of Nine Hundred Seventy-five dollars and sixty-three cents ($975.63) from an account the parties had established as a “loss reserve” account pursuant to an arrangement whereby the Bank would buy installment contracts from Shehadi.

More particularly, the Bank and Shehadi, an appliance dealer, entered into an agreement whereby…