Edwards

Edwards v. Modoc County Bank

Good Law
135 Cal. App. 550·1933 Cal. App. LEXIS 262·27 P.2d 797
Court of Appeal of CaliforniaDecember 2, 1933Docket No. 4949.California1,944 words

Opinion

Lead Opinion

Parker, J.

Plaintiff, as a member of a partnership composed of himself and defendant Meekfessel, brought this action to recover moneys of the partnership which had been unlawfully and fraudulently appropriated by Meckfessel to his own use and benefit in the discharge of certain obligations due from Meckfessel individually to the Modoc County Bank, of which latter institution the defendants Bush and Baker were respectively president and vice-president.

It is further alleged that this partnership money was rightfully due to plaintiff from his partner and from the partnership. The defendant bank and its officers admitted receipt of the money, but alleged that it was received in the due and regular course of business in payment of obligations due from the partnership to the bank; alleging further that there was still a balance due on certain notes for which plaintiff was liable, and for the payment of which plaintiff had deposited collateral. The cross-complaint of the bank was to recover a judgment for the balance so claimed, and to foreclose upon the security or collateral held by it.

The findings of the trial court were in favor of defendants on all of the issues.

Appellant has presented…

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