Fry v. Coovert
This text of 94 N.E. 1014 (Fry v. Coovert) is published on Counsel Stack Legal Research, covering Indiana Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
— Appellee brought this action against appellants in the Newton Circuit Court, from whence the venue was changed to the White Circuit Court, where the cause was tried, a special finding of facts made and conclusions of law stated thereon, and judgment rendered in favor of appellee and against appellants for $2,003.25. Appellants in this court rely upon the single assignment that the court erred in its conclusions of law.
Prom the findings it appears that appellee was the duly elected, qualified and acting treasurer of Newton county, and served continuously as such from January 1, 1901, to January 1, 1905, and as such treasurer received certain njoney which he deposited in the Bank of Rose Lawn, that being the firm name under which appellants, as partners, were engaged in conducting a banking business in the town of Rose Lawn; that appellee so deposited said money without any agreement that the account should con[599]*599timie for any period of time, or that interest should be paid on said deposits, and no interest was ever paid thereon, or credited to appellee’s account; that, upon demand, appellants neglected and refused to pay to appellee, or otherwise to account for, certain of the money so deposited.
Under the well-settled rules of law in this State, appellee’s title to the money deposited with appellants, although limited, must be recognized as legal, and as he was required safely to keep it, and to make good any losses whether they occurred through his fault or not, justifies the conclusion that no error was committed by the trial court in permitting appellee to maintain this action in his individual capacity.
Judgment affirmed.
Free access — add to your briefcase to read the full text and ask questions with AI
Related
Cite This Page — Counsel Stack
94 N.E. 1014, 47 Ind. App. 598, 1911 Ind. App. LEXIS 80, Counsel Stack Legal Research, https://law.counselstack.com/opinion/fry-v-coovert-indctapp-1911.