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E.H. HINDS, INC. v. COOLIDGE BANK & TRUST CO.

6 Mass. App. Ct. 5 (1978)

372 N.E.2d 259

E.H. HINDS, INC. & others vs. COOLIDGE BANK AND TRUST COMPANY.

Appeals Court of Massachusetts, Middlesex.

January 12, 1978.

Attorney(s) appearing for the Case

Melvin D. Cohen for the defendant.

Sumner H. Woodrow (Philip A. Wharton with him) for the plaintiffs.

Present: HALE, C.J., GRANT, & ARMSTRONG, JJ.

GRANT, J.

The question for decision in this case is whether a bank which has a contractual right to set off any sum which may become due from the bank to one of its debtors against the liability of that debtor to the bank may avail itself of that right with respect to the amount which becomes due under the terms of an investment security which the bank issues and delivers to the debtor under the provisions of Article...

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