The Law of Deposits
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In our eReader you can find the full English version of the book. Read The Law of Deposits 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 The Law of Deposits
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To quickly assess the difficulty of the text, read a short excerpt:
Sav. Bk. , 53 Mich. , at 166.
If A, without any agreement with the bank, deposits money in B's name, and it is for a legal purpose and for the benefit of B, even though B had no knowledge that the deposit was being made, B would have the right in most States to claim it, when he learned of it. If the 34 SEC. 39b bank paid to A or any one other than B so long as it stood in B's name, payment would be at its peril. If the bank paid B under such circumstances it would be dis- charged. In some stat...es notice must be given to B to entitle him to the deposit, as between B and A or A's representatives or creditors. If, however, A deposits in B's name, in order to hide his assets from' his creditors, or to escape taxation, or for any other illegal purpose, B would not have any right to it. See chapter on Gifts. 39b. If A deposits in bank money belonging to B, no matter under what name, B is entitled to the deposit and can recover same, and if A is indebted to the bank it can- not use B's money to pay A's debt.
What to read after The Law of Deposits?
You can find similar books in the "Read Also" column, or choose other free books by Weitzel, Fred William, 1879- to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Sav. Bk. , 53 Mich. , at 166.
If A, without any agreement with the bank, deposits money in B's name, and it is for a legal purpose and for the benefit of B, even though B had no knowledge that the deposit was being made, B would have the right in most States to claim it, when he learned of it. If the 34 SEC. 39b bank paid to A or any one other than B so long as it stood in B's name, payment would be at its peril. If the bank paid B under such circumstances it would be dis- charged. In some stat...es notice must be given to B to entitle him to the deposit, as between B and A or A's representatives or creditors. If, however, A deposits in B's name, in order to hide his assets from' his creditors, or to escape taxation, or for any other illegal purpose, B would not have any right to it. See chapter on Gifts. 39b. If A deposits in bank money belonging to B, no matter under what name, B is entitled to the deposit and can recover same, and if A is indebted to the bank it can- not use B's money to pay A's debt.
What to read after The Law of Deposits?
You can find similar books in the "Read Also" column, or choose other free books by Weitzel, Fred William, 1879- to read onlineMoreLess
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