LOUISVILLE CREDIT MEN'S ASS'N v. LOUISVILLE TRUST CO.


422 S.W.2d 421 (1967)

LOUISVILLE CREDIT MEN'S ASSOCIATION, Under an Assignment for the Benefit of Creditors of Charles Patrick, Inc., and Louisville Credit Men's Association, Under an Assignment for the Benefit of Creditors of City Investment Company, Inc., Appellants, v. The LOUISVILLE TRUST COMPANY, Appellees.

Court of Appeals of Kentucky.

Rehearing Denied January 26, 1968.


Attorney(s) appearing for the Case

Carl K. Helman, William B. Cohen, Herman E. Frick, Louisville, for appellants.

Joseph E. Stopher and A. J. Deindoerfer, Boehl, Stopher, Graves & Deindoerfer, Louisville, for appellees.


CULLEN, Commissioner.

The Louisville Credit Men's Association, assignee for the benefit of the creditors of Charles Patrick, Inc. (a corporation) sued The Louisville Trust Company (a bank) to recover $40,000 which had been paid out by the bank on a check drawn on the corporation's account in the bank by one Charles Patrick, an officer of the Patrick corporation. The check, payable to "R. W. Simpson" and having such name...

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