ALSCHULER, Circuit Judge.
The suit was brought by appellee, the milling company, to effect set-off of alleged mutual debts between the parties, the debts being (a) a deposit by appellee in the bank now in receivership, and (b) a promissory note for an amount less than this deposit, executed by appellee's president alone, but alleged in the complaint to represent a debt of the milling company to the bank.
The generally applicable law governing the right of...
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