Cleve v. Craven Chemical Co.
Court of Appeals for the Fourth Circuit
1Opinion of the Court
PARKER, Circuit Judge.
On December 6, 1923, the firm of Cleve & White, of Vaneeboro, N. C., sent to the Craven Chemical Company, of Wilmington, N. C., a cheek for $7,467.50, drawn on the Bank of Vanceboro, in payment of a debt due the Chemical Company. The cheek was received on December 7th, and on the same day was deposited with the Murchison National Bank and credited to the account of the Chemical Company. The Murchison Bank immediately forwarded it for collection to the Federal Reserve Bank of Richmond, which received it on December 8th. The latter bank forwarded it to the drawee, Bank of…
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