Board of President of the St. Louis Public School v. Estate of Broadway Savings Bank
Board of President of the St. Louis Public School v. Estate of Broadway Savings Bank
Opinion of the Court
It was held in this case by the St. Louis court of appeals, that a cause of action, accruing to a bank against its cashier for wrongfully permitting an overdraft, arises on contract within the meaning of the statute relating to counter-claims; and that the pendency of a suit by the bank against the cashier for this breach of his bond does not affect the bank’s right to set up the overdraft as a counter-claim to a demand claimed by the cashier’s assignee against the bank, and that a counter-claim may be made to a claim by the debtor’s
The opinion is reported in 12 Mo. App. p. 104.
Reference
- Full Case Name
- The Board of President and Directors of the St. Louis Public Schools, in error v. The Estate of the Broadway Savings Bank
- Cited By
- 5 cases
- Status
- Published