H. Wolfe & Co. v. Simmons

Citations

• 75 Miss. 539

Syllabus

<p>Banks. Cashier. Directors. Misconduct. Liability for same.</p> <p>Where the cashier of an insolvent hank has, contrary to a seller’s instructions, delivered to the buyer, without payment, the seller’s draft for the price of goods, together with the bill of lading accompanying same, evidence that the directors at the time, although aware of the bank’s insolvency, held it out as worthy of credit, and appropriated its assets,, is admissible, to affect them with individual liability for such want of care.</p>