Stoll v. Commercial National Bank

140 P. 115, 44 Utah 262, 1914 Utah LEXIS 25
CourtUtah Supreme Court
DecidedMarch 27, 1914
DocketNo. 2558
StatusPublished

This text of 140 P. 115 (Stoll v. Commercial National Bank) is published on Counsel Stack Legal Research, covering Utah Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Stoll v. Commercial National Bank, 140 P. 115, 44 Utah 262, 1914 Utah LEXIS 25 (Utah 1914).

Opinion

STRAUP, J.

The defendant is a banking institution in Salt Lake City. The plaintiff was one of its depositors. She brought this action to recover for moneys which she alleged were paid out on her account without her authority, and for an accounting. She was given judgment for $194.63, and appeals. She claims on the record she is entitled to a judgment for $990.75 more, and interest thereon.

1 In October, 1908, she was the owner of a rooming house in Salt Lake City. One D. B. Russell was one of her roomers. On the 16th of that month she sold the rooming house to one Ray; and for the greater part of the purchase price took his promissory notes secured by chattel mortgage on the furniture. The mortgage was recorded. The business, or some of it connected with the [265]*265sale, was conducted by Bussell for the plaintiff. She was indebted to the owner of the building for rent in the sum of $58.35. The Bay notes were left with the owner's attorneys until the rent should be paid. About that time, or shortly thereafter, she moved to Idaho. Later she sent a check to Bussell at Salt Lake City for $58.35 to pay the rent. He took up the notes and mortgage, and took them to the defendant’s bank, and there applied for a loan of $200 in the name of the plaintiff, and offered to give the Bay notes and mortgage as security. His authority to negotiate the loan was questioned by the bank. He produced what the witnesses called a power of attorney which, he claimed, authorized him to do business for the plaintiff. The instrument was not in possession of either party, and hence was not produced at the trial. The witnesses who saw it testified that it was a writing of but a few lines on note paper in Bussell’s handwriting, apparently signed by the plaintiff, and that the substance of it was to give Bussell “power to transact business for” the plaintiff. It was not acknowledged and not recorded. The plaintiff denied that she signed it, or that she gave Bussell any such authority or power whatever. He, in virtue of such pretended power of'attorney and authority, borrowed $200 at the bank, signed a note for that amount in plaintiff’s name, per his name as agent or attorney in fact, deposited the Bay notes and mortgage as security, then deposited the $200 and the check for $58.35 in defendant’s bank in plaintiff’s name, and then drew checks on the account in plaintiff’s name, per his name as agent or attorney. In that manner he drew a check in favor of the attorneys for the owner of the building for the rent, and also drew other checks in the same manner on the account. Later he wrote the plaintiff that he had borrowed $200 at the bank, and stated that he himself desired fifteen dollars, and later wrote that he needed sixty-five dollars for his own use. The plaintiff, as she testified, becoming suspicious, on the 8th day of November, 1908 wrote the bank, “Please do not cash any •checks in my name not coming direct from me here at Twin Palls, Idaho.” That letter was received by the bank on the [266]*26611th of that month. That the letter was written and so received by it is not disputed. It ever since remained in its possession, and, on notice, was produced by it on the trial. Oln the 11th, when the bank received the letter, there was standing to the plaintiff’s credit in the bank the sum of $185. She, by this action, has not sought to repudiate the loan, nor to recover for anything which the bank paid out on cheeks drawn by Russell prior to November 11th. She seeks to recover the moneys which the bank thereafter paid out on his checks di’awn on her account. Notwithstanding the instructions and directions received by the bank from the plaintiff, it nevertheless, on the 11th of December, honored and cashed a check presented by Russell drawn on plaintiff’s account in her name, per his name.as agent or attorney, for the sum of $135. That was all the money she then had on deposit to her credit. In the early part of January, 1909, Russell, without the knowledge, consent or authority of the plaintiff, released the Rajr mortgage of record, and resold the rooming house to one Amy for a consideration of $1880, $1200 of which was paid by check, payable to the order of the plaintiff, and $680 in promissory notes executed by Amy, and secured by mortgage. Russell took the $1200 to the bank, indorsed it in plaintiff’s name, per his name as agent, and deposited $1106.90 to her credit, and in her name, and took the balance, $93.10, in cash which he kept. Then he drew a check in plaintiff’s name, per his name as agent, payable to the bank, in the sum of $106.90, the balance due and unpaid on the $200 loan. That left $1000 standing to plaintiff’s credit in the bank on the 12th of January, 1909. It is this money — the $1000 — which later was drawn out by Russell in violation of her directions, for which she claims additional judgment. On the 12th of January Russell wrote the plaintiff that he had resold the rooming house, and that there was to her credit in the defendant’s bank $1000, and that he had by registered package sent her the Amy mortgage and a check for $1000, payable to her order, signed in her name, per his name as agent, and advised her that, if she left the money in the bank she could get four per cent, interest, or, [267]*267if sbe desired to use it, to indorse the check and mail it to the bank, and request a New York draft. That was the first knowledge she had that Bussell had resold the rooming house. She at once communicated with friends at Salt Lake City concerning the matter, and on the 25th mailed the check unindorsed to the bank, and requested a New York draft for $1000. The check and letter were received by the bank on the 28th. It replied that: “The check is unindorsed. We are holding this check until we can see Mr. Bussell, as he has not yet deposited funds to meet the same.” There was not then $1000 to her credit. Between the 12th and 19th of January Bussell drew on the $1000 deposit by checks, most of them payable to and presented by himself, one for $150, and all of them for his benefit, signed in plaintiff’s name, per his name as agent, until the amount on the 19th of January was reduced to $9.25. Then Bussell absconded, and has not been heard of since. That he was an imposter and a cheat is clearly shown.

The court awarded plaintiff a judgment for $135, the amount which was on deposit to her credit November 11, 1909, when the bank received her letter notifying it not to cash any cheek not coming direct from her at Twin Falls, and for $9.25, the amount still standing to her credit, and interest on these amounts, a total of-$194.63. But the court did not award her anything for other moneys checked out on her account by Bussell after the receipt of the letter by the bank. This on the theory, as found by the court: “That, with the payment of the defendant of the $135 cheek on December 11, 1908, all the money on deposit in the defendant bank, and which was obtained as a loan, was paid out, and that account closed, and, when the deposit of the $1106.90 was made by Bussell January 12, 1909, a new account was opened, and the defendant believed, and was justified in the belief, that the new transaction, viz., the deposit of said money by Bussell and the drawing of the checks as attorney in fact, or agent of th« plaintiff, were authorized by plaintiff, and within authority of said Bussell. That plaintiff is not entitled to judgment against the defendant for any sum or [268]*268amount, except for $135, with interest from December 11, 1908, amounting to $182.25, and $9.25 with interest from January 20, 1909,-amounting to tbe sum of $12.38, in all tbe sum of $194.63.”

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Bluebook (online)
140 P. 115, 44 Utah 262, 1914 Utah LEXIS 25, Counsel Stack Legal Research, https://law.counselstack.com/opinion/stoll-v-commercial-national-bank-utah-1914.