Nature of the Case
To access this section all you need to do is click here and register.
Facts
Langford (D) applied for a $225,000 loan from Hibernia National Bank. D was rejected. D then opened a checking account with the bank. A clerical error on that account allowed unlimited overdrafts without charging D. After six months, the bank discovered that D had been overdrawn by $848,879.39. The bank demanded that D return the money and D only offered to execute a note to the bank. D had received notification of the overdrafts, but the bank threw away the reports before they were reviewed. D was convicted of theft, and he appealed. D claimed that there was a lack of evidence regarding a nonconsensual taking because the bank could have dishonored the checks and an overdraft was merely a loan to the customer.
Support@ bsmsphd.com
Casebriefs Co