Legal Opinion
Elmer v. Commercial-Germania Trust & Savings Bank
Louisiana Court of Appeal
Decided April 17, 1911No. 5232Published
Appeal from the Civil District Court, Diivsion “D.”
1Opinion of the CourtGodchaux, J.
On November 2, 1909, the RollingAieklen Company for value received, executed and delivered to the defendant bank its ninety day promissory note payable at ¡said bank. On December 10, 1909, the bank, having received notice from the Roiling-Aicklen Company that it was unable to pay its debts and desired an extension, credited the note with the sum of $601.58 which it held on ordinary 'checking deposit for ©aid company in the usual course of business.
On December 13, 1909, the Rolling-Aicklen Company, which was then, and had been for some time prior thereto, in insolvent circumstances, was placed…
2Cases cited3 opinions
- Pierson v. Metropolitan BankSupreme Court of Louisiana · 1901
- Bank of Louisiana v. FowlerSupreme Court of Louisiana · 1845
- Cox v. First Nat. Bank of Lake CharlesSupreme Court of Louisiana · 1910