Legal Opinion

Matter of International M. Co. (Broderick)

New York Court of Appeals

Decided April 26, 1932PublishedCited by 25 opinions

1Opinion of the CourtHubbs, J.

Petitioner drew a sight draft on the Liberty Baking Corporation for $1,372.50 payable to the order of The Bank of United States and forwarded it to the payee for collection. Attached to the draft was a paster which read as follows:

“To the Collecting Bank: This draft is not to be treated as a deposit. The funds obtained through its collection are to be delivered to the International Milling Company and are not to be commingled with other funds of the collecting bank.
“ INTERNATIONAL MILLING COMPANY.”

The draft was received by the payee on December 3d, 1930, and paid by the drawee on December…

2Cases cited8 opinions

  1. National Bank v. Insurance Co.Supreme Court of the United States · 1881
  2. Van Alen v. . American National BankNew York Court of Appeals · 1873
  3. Brown v. . SpohrNew York Court of Appeals · 1904
  4. Isaac v. MarcusNew York Court of Appeals · 1932
  5. Hecker-Jones-Jewell Milling Co. v. Cosmopolitan Trust Co.Massachusetts Supreme Judicial Court · 1922

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3Cited by25 opinions

  1. Matter of People (Tit. Mtge. Guar. Co.)New York Court of Appeals · 1934
  2. Santa Barbara v. Pasquale Avallone & Stefano Miele, Inc.New York Court of Appeals · 1936
  3. In Re the Liquidation of the New York AgencyNew York Court of Appeals · 1997
  4. In re PeopleNew York Supreme Court · 1934
  5. In re People of New YorkNew York Supreme Court · 1933

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