Schwehm v. Chelten Trust Co.
Supreme Court of Pennsylvania
Appeal, No. 123, Jan. T., 1916, by defendant, from judgment of C. P. No. 5, Philadelphia Co., March T., 1915, No. 354, on verdict for plaintiff, in case-of Harry J. Schwehm v. Chelten Trust Company. Assumpsit for a bank deposit. Before Martin, P. J. The opinion of the Supreme Court states the facts. Verdict for plaintiff for $5,294.50 and judgment thereon.
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Appeal, No. 123, Jan. T., 1916, by defendant, from judgment of C. P. No. 5, Philadelphia Co., March T., 1915, No. 354, on verdict for plaintiff, in case-of Harry J. Schwehm v. Chelten Trust Company. Assumpsit for a bank deposit. Before Martin, P. J. The opinion of the Supreme Court states the facts. Verdict for plaintiff for $5,294.50 and judgment thereon. Defendant appealed. * ' Errors assigned were answers to points, instructions to the jury, (5) in refusing to direct a verdict for defendant and (6) in refusing to enter judgment for defendant n. o. v. — The defendant discharged its…
1Opinion of the Court
Opinion by
Mr. Justice Potter,
The plaintiff in this case, who was a depositor with the Chelten Trust Company, drew his check upon that institution for the sum of $5,002.00, payable to the order of Federal Loan Society. The check was endorsed, “Federal Loan Society, H. W. Stoll, President, Jos. R. Friedman,” and was cashed by the Franklin Trust Company, and collected by the latter from defendant, through the Corn Exchange National Bank, and charged by defendant against plaintiff’s deposit account.
Plaintiff claimed that Stoll, who- was president of the Federal Loan Society, had no authority to…
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