Bank Collections
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In our eReader you can find the full English version of the book. Read Bank Collections Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Bank Collections
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Bank v.
Patton, 109 111. 479. In Wood &Co. v. Merchants Sav., L. & T. Co., 41 111.
267, 270, Breese, J., said. " No one taking such paper [payable at a bank] has ever supposed the bank, at which it was made payable, was bound to pay the note on presentation, or that any obligation was imposed upon it so to do.
It is not according to the usage of banks to pay out money except upon checks or drafts drawn by its creditors having funds in the bank. No case can be found where, in such case, a bank h...as been considered as authorized to pay a note made payable at its banking house, without the express direc- ' tion of the maker, or in the absence of any check or draft, by him appropri- ating bis money deposited there to such purpose. Nor is there any obliga- tion resting on the bank to pay, for the bank may have claims against the deposit superior to those of the holder of the note." 3 Mechanics & Traders' Bank v. Seitz, 24 At. Rep. 356.
4 Justice Williams added: " If the holder surrenders the money or secu- 13 B.
What to read after Bank Collections?
You can find similar books in the "Read Also" column, or choose other free books by Albert Sidney Bolles to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Bank v.
Patton, 109 111. 479. In Wood &Co. v. Merchants Sav., L. & T. Co., 41 111.
267, 270, Breese, J., said. " No one taking such paper [payable at a bank] has ever supposed the bank, at which it was made payable, was bound to pay the note on presentation, or that any obligation was imposed upon it so to do.
It is not according to the usage of banks to pay out money except upon checks or drafts drawn by its creditors having funds in the bank. No case can be found where, in such case, a bank h...as been considered as authorized to pay a note made payable at its banking house, without the express direc- ' tion of the maker, or in the absence of any check or draft, by him appropri- ating bis money deposited there to such purpose. Nor is there any obliga- tion resting on the bank to pay, for the bank may have claims against the deposit superior to those of the holder of the note." 3 Mechanics & Traders' Bank v. Seitz, 24 At. Rep. 356.
4 Justice Williams added: " If the holder surrenders the money or secu- 13 B.
What to read after Bank Collections?
You can find similar books in the "Read Also" column, or choose other free books by Albert Sidney Bolles to read onlineMoreLess
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