Falls Church Bank v. Wesley Heights Realty, Inc.
256 A.2d 915 (1969)
Legal Analysis
Legal analysis from Dean's Law Dictionary will be displayed here.
Nature Of The Case
This section contains the nature of the case and procedural background.
Facts
D drew a check for $1,400.00, payable to the order of a customer of P. The customer deposited the check in his account at P. P gave the customer a provisional credit for the funds. P then allowed the customer to withdraw $140.00 from his account until P learned that D had stopped payment on the $1,400 check. The check was returned to P dishonored, and its customer was nowhere to be found. P made a demand on D for the money and D refused. P sued D. D moved for summary judgment claiming that P was an agent for collection only and had no security interest. It was granted, and P appealed.
Issues
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Holding & Decision
The court's holding and decision will be displayed here.
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