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Blakey v. Brinson, 286 U.S. 254 (1932)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
Blakey v. Brinson, 286 U.S. 254 (1932)
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Blakey v. Brinson No. 639 Argued April 21, 1932 Decided May 16, 1932 286 U.S. 254
CERTIORARI TO THE CIRCUIT COURT OF APPEALS
FOR THE FOURTH CIRCUIT
Syllabus
1. The relation between a bank and a depositor is that of debtor and creditor. P. 261.
2. A savings depositor of a national bank, pursuant to conversations with his bank’s officer, increased his account by deposit in the usual way to an amount sufficient to pay for some bonds which the bank had undertaken to purchase for him. Thereafter the officer told him that he had his bonds, and handed him a charge slip showing the cost, including principal, accrued interest, and commission. The total was charged against the depositor’s account, and was credited as a "deposit" in a "bond account" appearing on the bank’s books. When the bank soon afterwards closed its doors, it was discovered that in fact no bonds had been purchased, ordered, or received for the depositor.
Held that no trust had been created, and that the depositor continued to be a general creditor. P. 263.
52 F.2d 821 reversed.
Certiorari, 285 U.S. 531, to review the affirmance of a judgment against the receiver of a bank in a suit for money alleged to have been held by the bank on a trust.
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Chicago: U.S. Supreme Court, "Syllabus," Blakey v. Brinson, 286 U.S. 254 (1932) in 286 U.S. 254 286 U.S. 255–286 U.S. 258. Original Sources, accessed November 22, 2024, http://originalsources.com/Document.aspx?DocID=BED3J1X3X647VIN.
MLA: U.S. Supreme Court. "Syllabus." Blakey v. Brinson, 286 U.S. 254 (1932), in 286 U.S. 254, pp. 286 U.S. 255–286 U.S. 258. Original Sources. 22 Nov. 2024. http://originalsources.com/Document.aspx?DocID=BED3J1X3X647VIN.
Harvard: U.S. Supreme Court, 'Syllabus' in Blakey v. Brinson, 286 U.S. 254 (1932). cited in 1932, 286 U.S. 254, pp.286 U.S. 255–286 U.S. 258. Original Sources, retrieved 22 November 2024, from http://originalsources.com/Document.aspx?DocID=BED3J1X3X647VIN.
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