Hospelhorn v. General Motors Corp.

The questions presented by the cross-appeals in this case are to be determined upon the basis of the following stipulated facts:

General Motors Corporation had a deposit account with the Baltimore Trust Company, under an agreement that, when the account exceeded such figure as the depositor should designate from time to time, the trust company would, without further instructions, telegraph the excess amount to the Guaranty Trust Company of New York for the account of General Motors Corporation with that institution. On February 17th, 19,33, a letter was mailed by General Motors Corporation to…