Substantial Building & Loan Ass'n v. Industrial Trust, Title & Savings Co.

Citations

• 82 Pa. Super. 215

Syllabus

<p>Negotiable instruments — Illegal appropriation thereof — Damages —Amount.</p> <p>In an action of assumpsit on a check illegally negotiated by the treasurer of the payee, a verdict in favor of the plaintiff for tbe amount actually misappropriated by tbe treasurer will be sustained. In sueb case, tbe plaintiff is not entitled to a verdict for tbe full amount of tbe check where a part of tbe proceeds thereof was deposited to its credit by tbe defaulting official.</p>