Valdetero v. Citizen's Bank

Citations

• 51 La. Ann. 1651
• 26 So. 425
• 1899 La. LEXIS 604

Syllabus

<p>Syllabus.</p> <p>1. Cashier Personally and Bank Responsible. — While the cashier, it is true, does not represent his bank away from its domicil, by continuing the act undertaken while away, after his return, without objection on the part of the directors, if the latter sanction completing the act, it becomes the act of the bank.</p> <p>2. Issuing Check. — A check issued by the bank should not be countermanded as to its payment, without cause.</p> <p>3. Consideration for an Advance or Money. — A loan promised by a cashier, personally and as cashier, to enable one to go in search of the bank’s president, who is sick in body and mind, and has disappeared, has consideration enough to hold the bank for the promise of its cashier, for which loan the latter issued a check, and, without cause’ shown, stopped payment without proof enough of any cause for stopping it, after the one who went in search had left, and was performing his part of the agreement.</p>