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1947

Banking and Finance Law

Debtor

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Banks And Banking-Night Depository-Relation Created Between Bank And Depositor, Irving Slifkin May 1947

Banks And Banking-Night Depository-Relation Created Between Bank And Depositor, Irving Slifkin

Michigan Law Review

By payment of a nominal charge, the plaintiff became entitled to use the night depository service offered to its customers by the defendant bank. On Christmas day, 1942, plaintiff made use of this service by depositing some currency, coins, and a check which were placed in a canvas bag supplied by the defendant bank for this purpose. Plaintiff never received credit for this deposit. Defendant bank was unable to find the bag which the plaintiff had deposited, and plaintiff sued to recover the value of its contents, obtaining a judgment in the trial court. Defendant bank appealed. Held, judgment …