(DOWNLOAD) "Coristo v. Twin City Bank" by Supreme Court of Arkansas " Book PDF Kindle ePub Free
eBook details
- Title: Coristo v. Twin City Bank
- Author : Supreme Court of Arkansas
- Release Date : January 03, 1975
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 60 KB
Description
This appeal involves the question whether a certain bank savings passbook account designated as a joint account with right of survivorship could be withdrawn by one of the depositors. The chancery court held that it could, under the circumstances prevailing in this case. We agree. The account had it's inception in the deposit of $10,000 of the proceeds of a policy of life insurance of which Gladys Clements was the beneficiary. Mrs. Clements endorsed the insurance company check for $12,000 and turned it over to her daughter Iris Coristo, who took it to The Twin City Bank on November 7, 1969, and made the deposit, after having deposited $2,000 of the proceeds in her own checking account to apply toward the cost of adding a bedroom to the Coristo dwelling house to provide living quarters for Mrs. Clements. Mrs. Coristo took the signature card for the account to her home after having made the deposit. There Mrs. Clements and Mrs. Coristo's husband, Don, signed the card and it was returned to the bank. On the face of the card there were stamped these words:
 "Coristo v. Twin City Bank" by Supreme Court of Arkansas " Book PDF Kindle ePub Free){kind=link}