Stephens v. Chehalis National Bank

Citations

• 80 Wash. 254
• 141 P. 340
• 1914 Wash. LEXIS 1285

Syllabus

<p>Banks and Banking—Deposits—Special Deposits—Condition— Liability. Where a loan was negotiated with the understanding that the money, when deposited in the bank, was to be used only in payment of specified bills of the mortgagor and of bills against the building on the mortgaged premises, and the bank notified the mortgagor of the special features of the deposit, which was acquiesced in after some dissent, the deposit was a special one and the bank was Justified in refusing to honor checks not drawn in payment of bills against the building.</p>