Valentine v. Andrew

On November 10, 1924, claimant left-for collection with the City Commercial Savings Bank of MaSon City, without special instructions, notes and mortgage made- by Christians for $10,000, besides accumulated interest. The bank was given no authority to retain the proceeds on deposit. On April 16, 1925, the bank wrote to the claimant, who was then in California, that it had collected the mortgage, in the amount of $10,955.60. The letter stated:

“We are enclosing herein four certificates of deposit, three in the amount of $2,500, and one in the amount of $3,455.60. We will be glad to allow you…