Grunster v. Jessup
Grunster v. Jessup
Opinion of the Court
Opinion by
This action was brought by the assignee for the benefit of creditors of the Scranton City Bank on a bond conditioned for the faithful performance of the duties of its vice president. The principal and two of the sureties died before the trial, and the representatives of their estates have been substituted on the record as defendants. The witness whose competency was challenged as to matters which had occurred during the lives of the deceased parties was a stockholder in the bank at the time the assignment was made, and. as such was liable to the creditors in double the amount of the stock held by him. He was also a director, and with the other directors had entered into an agreement with the depositors to pay them in full and to take an assignment of their claims against the bank,
The judgment is affirmed.
Reference
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- Syllabus
- Evidence — Competency of witness — Party dead — Stockholder in hank. In an action by an assignee for creditors of a bank on a bond conditioned for the faithful performance of the duties of the vice president of the bank, where the principal and two of the sureties are dead at the time of the trial, a director who had entered into an agreement with the depositors to pay them in full and to take an assignment of their claims, and and who had joined with the other directors in borrowing a large amount of money on their joint notes, one of which was still unpaid, is not a competent witness for the plaintiff.