Estate of Dick

Citations

• 183 Pa. 647
• 39 A. 2
• 1898 Pa. LEXIS 1090

Syllabus

<p>Executors and administrators — Surcharge—Interest on deposits.</p> <p>The relation between a bank and its depositor is that of debtor and creditor. The depositor has no right to an account from the bank of the use to which it put his deposit, or the profits accruing from its use.</p> <p>An administrator who withdraws funds under his control from a bank which was paying interest on balances, and deposits them in his own bank is chargeable with such rate of interest as he could reasonably have secured from the bank from which he withdrew the funds, or from other reputable banks in the same region for the same deposit.</p> <p>When a sale of real estate was really effected by a guardian, in aid of which some services were rendered by an administrator, the latter is not entitled to charge a commission upon the purchase money, as compensation for his services.</p>