Wells Fargo Bank & Union Trust Co. v. McDuffie

WILBUR, Circuit Judge.

This action was brought in equity by the appellee receiver, hereinafter called “the receiver,” of the Richfield Oil Company of California, hereinafter to be called “Rich-field Oil Company,” to prevent the appellant bank, hereinafter called the “bank,” from applying the proceeds of four foreign bills of exchange (three 186-day bills of exchange drawn on Birla Bros, of Calcutta, India, and one drawn on Ricardo Velazquez of Cali, Colombia) upon an indebtedness due from the Richfield Oil Company to the bank. To distinguish between the drafts drawn by the Richfield Oil…