Brown v. Peoples Bank for Savings

Citations

• 59 Fla. 163

Syllabus

<p>1. In tbe absence of a controlling statute or agreement, where a check payable in another city is endorsed in blank and deposited with a bank to be credited to the depositor, the endorser engages only that if the check shall not be paid on due presentation that he will pay the amount to the holder of the check. The bank selects its agents for collection at its own risk, and if the check is paid, the bank of deposit is liable even though the collecting agent does not remit the collection.</p> <p>2. Chapter 5951 Acts of 1909 does not affect rights existing prior to its passage.</p>