Basch v. Bank of Am. Nat'l Tr. & Sav. Ass'n

For many years the plaintiff, Carlo Basch, owned and operated a retail drugstore—Basch’s Pharmacy— in San Francisco, and since the establishment of such business he had maintained a commercial account in its name with the defendant bank at the main office at No. 1 Powell Street in said city. In May, 1938, he employed as a part-time bookkeeper one Herbert C. Lahr, who thereupon took charge of the office routine matters in connection with his employer’s bank account and faithfully performed his work for the ensuing five months. About the first of November *320of said year Lahr conceived the scheme…