Blatz Brewing Co. v. Richardson & Richardson, Inc.

The right of appellant to recover in the garnishee action depends solely on whether the principal defendant, Richardson & Richardson, Inc., retained title to the draft in its negotiations with the bank. The intervening defendant, the respondent here, showed to the satisfaction of the trial court that the transaction was one of purchase and transfer of the draft and that a debtor-creditor relationship arose between the bank and the Richardson firm.

The trial court was of the opinion that by the weight of authority a draft deposited by a customer who receives credit from the bank as cash and…