Steuber v. O'Keefe

AVIS, District Judge.

The plaintiff Margaretha Steuber, on December 19, 1921, entered into an agreement with Atlantic City National Bank (hereinafter called bank), the first paragraph thereof reading as follows: “The said party of the first part agrees to place with the said party of the second part the sum of Fifteen Thousand Dollars ($15,-000) cash and the said party of the second part hereby agrees to hold said sum of Fifteen Thousand Dollars and pay out an amount yearly equal to four per cent. (4%) thereon in the following manner.”

The further provisions of the agreement, in brief, were…