Kimmel v. Bean

Citations

• 68 Kan. 598
• 75 P. 1118
• 64 L.R.A. 785
• 1904 Kan. LEXIS 149

Syllabus

<p>SYLLABUS BY THE! COURT.</p> <p>Banks and Banking — Principal and Agent- — Deposit Applied ' on Overdraft. A bank which, receives from an agent for deposit ■ in his own name the money of his principal, without notice of the agency, is protected in applying it to a past due debt of the depositor to the same extent as in paymg it out upon his checks, whenever such application .is authorized by the agent, either expressly or by legal implication; and such authority ordinarily > arises from the' making of a deposit without other directions, . where the debt to which it is applied is an overdraft.</p>