Olsen v. Harlan National Bank

BECKER, Justice.

Action by plaintiff, as general checking account depositor, for $5849.05 against defendant depository bank. Defense by bank asserted plaintiff was not the true owner of the account but was acting for Grocers Wholesale Cooperative, Inc., which was indebted to the bank in the same amount; that the bank had offset its claim against Grocers Wholesale, the true owner of the account, and thus the bank owed plaintiff Olsen nothing. Upon trial the court held for defendant and dismissed plaintiff’s-petition. We reverse.

Prior to February 22, 1965 Donald C. and Orin K. Goodrich operated…