Whitacker v. Low, Receiver

197 N.E. 690, 102 Ind. App. 47, 1935 Ind. App. LEXIS 179
CourtIndiana Court of Appeals
DecidedOctober 14, 1935
DocketNos. 15,057 and 15,058.
StatusPublished
Cited by2 cases

This text of 197 N.E. 690 (Whitacker v. Low, Receiver) 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.

Bluebook
Whitacker v. Low, Receiver, 197 N.E. 690, 102 Ind. App. 47, 1935 Ind. App. LEXIS 179 (Ind. Ct. App. 1935).

Opinion

Wood, J. —

August 16, 1938, on motion of appellant cause No. 15057 was consolidated with cause No. 15058 for the purpose of briefing, argument and decision.

Cause No. 15057 is an appeal from a judgment of the Pulaski Circuit Court disallowing a claim filed by appellant against the appellee in the receivership proceedings of State Bank of Francesville, Indiana.

The amended second paragraph of cláim alleged that J. L. Beesley, as president of the bank, issued a certificate of deposit for the sum of $5,000 to appellant on March 1, 1923, payable one year after date with interest at six per cent per annum, which certificate was issued to her for the purpose of reimbursing her for funds which Beesley as administrator of the estate of her deceased husband Albert Whitacker had embezzled *49 therefrom, which said funds so embezzled by Beesley were received by the bank and applied by it in discharging personal obligations owing by Beesley to the bank; that all of said transactions were had wholly without the knowledge and consent of appellant, but with the knowledge, consent and connivance of the bank to its advantage. Appellant asked that her claim be allowed as a preferred claim.

To this amended second paragraph of claim the appellee filed eight paragraphs of answer. The first was upon the theory that the certificate of deposit was not the certificate of or issued by the bank in receivership, but was the certificate of and issued by another bank; the second paragraph pleaded non-est-factum; the third paragraph alleged that when Beesley committed the acts complained of in appellant’s claim he was not acting as administrator of the estate of Albert Whitacker, deceased, but was the trustee or agent of the heirs of Albert Whitacker; the fourth paragraph alleged that when Beesley acted as administrator of the estate of Albert Whitacker, deceased, he acted as such in his individual capacity and not for and on behalf of State Bank of Francesville, as administrator of said estate; that said bank was not the administrator of said estate and never acted in that capacity; the fifth paragraph was a general denial; the sixth paragraph alleged want of consideration; the seventh paragraph alleged that no certificate for the sum of $5,000 ever appeared upon the records of the bank in the name of appellant; the eighth paragraph pleaded payment.

The appellant filed a reply in two paragraphs to the first, third, fourth, sixth, seventh, and eighth paragraphs of answer. The first paragraph was a general denial; the second paragraph alleged that State Bank of Francesville was the successor of The State Bank of Francesville, that as such successor it took over all *50 the property and assets of and assumed all the obligations and liabilities of its predecessor. The appellant also filed what is designated in the record as a third paragraph of reply to. appellee’s second paragraph of answer. This paragraph of reply was upon the theory of estoppel. Appellant’s first paragraph of claim in this cause was dismissed.

In this cause appellee filed a cross-complaint against appellant, alleging that she was a stockholder in State Bank of Francesville, and seeking to enforce her liability thereon as such stockholder. Appellant filed an answer in general denial to this cross-complaint.

Cause No. 15058 is an appeal from a judgment of the Pulaski Circuit Court disallowing a claim filed by appellant against the appellee in the receivership proceedings of State Bank of Francesville, Indiana.

This claim alleged that J. S. Beesley, while acting as the administrator of the estate of Albert Whitacker, deceased, received into his possession as a part of the assets of said estate two certain promissory notes, each for the sum of $5,000; that the bank with full notice and actual knowledge of the capacity in which Beesley held said notes, permitted him to sell and discount the same to the bank and it received them into its possession; that the bank knowingly permitted Beesley to pay the proceeds received by him from the sale of said notes to it to be applied upon personal obligations owing by Beesley to the bank; that said notes were thereafter paid to the bank and it received the full benefit thereof; that the appellant was the beneficial owner of the proceeds of said notes; that the sale of the notes to the bank by Beesley was made without her knowledge and consent.

To this claim the appellee filed an answer in two paragraphs. In the first he alleged that State Bank of Francesville was not in existence at the time of the occurrence of the transaction complained of in appel *51 lant’s claim; that the bank of which he was receiver was not a party to said transaction and no liability attached to it because of the acts complained of. In the second he alleged that appellant and Beesley had a full and complete accounting and settlement between them on or about March 1, 1923; that in said settlement and as a part thereof Beesley executed and delivered to appellant his certain promissory note for .the sum of $5,000, with certain persons as sureties thereon; that appellant accepted said note, and later recovered judgment thereon in the Pulaski Circuit Court against Beesley. Appellant filed a reply in general denial to both of these paragraphs of answer. She also filed a second paragraph of reply in which she alleged that State Bank of Francesville was liable for all of the obligations to The State Bank of Francesville as its successor.

The two causes were consolidated for trial and were tried to the court without the intervention of a jury upon the issues as above outlined, resulting in a finding and judgment against appellant on both of her claims and in favor of appellee on his cross-complaint.

Within proper time appellant filed a motion for a new trial in each of the cases, which motions were overruled. It may be noted that the correctness of the judgment upon the cross-complaint is not questioned by this appeal.

Appellant has appealed assigning as error for reversal in each case the overruling of her motion for a new trial. Each of these motions contains twenty-four causes for a new trial, alleged in the same language. We will discuss .only such causes as are properly presented by the record and appellant’s brief, for our consideration.

*52 *51 In her first specification as cause for a new trial appellant complained of the action of the trial court in *52 sustaining a motion to strike out of the deposition of appellant a portion of an answer made by her as a witness in her own behalf to a question propounded to her in the taking of said deposition. That portion of the answer not stricken out was a full and complete answer to the question, while the part stricken was a voluntary statement upon the part of the witness and not responsive to the question. But the record discloses that upon cross-examination of' the witness, the subject matter and all the facts embraced within that portion of the answer stricken out were fully and comprehensively testified about, so appellant’s rights were not prejudiced by this ruling of the court.

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Bluebook (online)
197 N.E. 690, 102 Ind. App. 47, 1935 Ind. App. LEXIS 179, Counsel Stack Legal Research, https://law.counselstack.com/opinion/whitacker-v-low-receiver-indctapp-1935.