Farmers' & Mechanics' National Bank v. Cuyler
Superior Court of Pennsylvania
Appeal, No. 186, Oct. T., 1900, by-plaintiff, from judgment of O. P. No. 2, Phila. Co., June T., 1899, No. 994, on case stated in suit of the Farmers’ and Mechanics’ National Bank v; T. De Witt Cuyler and Effingham B. Morris, Assignees of the Solicitors’ Loan and Trust Company. Case stated to determine right to recover certain checks.
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Appeal, No. 186, Oct. T., 1900, by-plaintiff, from judgment of O. P. No. 2, Phila. Co., June T., 1899, No. 994, on case stated in suit of the Farmers’ and Mechanics’ National Bank v; T. De Witt Cuyler and Effingham B. Morris, Assignees of the Solicitors’ Loan and Trust Company. Case stated to determine right to recover certain checks. From the case stated it appeared that the plaintiff, on January 2, 1896, held certain checks, amounting altogether to the sum of $299.75, drawn by depositors upon the Solicitors’ Loan and Trust Company. These checks had been deposited with it for collection, and…
1Opinion of the Court
Opinion by
William W. Porter, J.,
On January 2, 1896, the plaintiff bank presented to the So*437licitors’ Loan & Trust Company certain checks drawn on that company. The trust company was then conducting its business as usual under no suspicion of insolvency. Instead of requiring payment in cash, the checks were surrendered and “ in payment thereof ” the check of the trust company upon the Fourth Street National Bank (which had funds to meet it) was accepted by the plaintiff. This act changed the relations and obligations of the parties connected with the transaction. First, the drawers of the…
2Cases cited4 opinions
- Merchants' National Bank v. GoodmanSupreme Court of Pennsylvania · 1885
- Fifth N. Bank v. AshworthSupreme Court of Pennsylvania · 1889
- Corn Exchange National Bank v. Solicitors' Loan & Trust Co.Supreme Court of Pennsylvania · 1898
- McCulloch v. McKeeSupreme Court of Pennsylvania · 1851
3Cited by3 opinions
- Commonwealth v. SylvanusSuperior Court of Pennsylvania · 1921
- Bunge v. First Nat. Bank of Mount Holly Springs, Pa.Court of Appeals for the Third Circuit · 1941
- Bunge v. First Nat. Bank of Mount Holly Springs, Pa.Court of Appeals for the Third Circuit · 1941