Another illustration is furnished by the facts of a New York case.16 Money was deposited in a bank by a corporation which owed coupon bonds to meet a series of coupons about to fall due. The bank agreed to apply the money to the payment of the coupons. Before the coupons had actually been paid a creditor of the corporation sued it, and gamisheed the bank. It was held that the bank had become a trustee for the coupon holders, and that the corporation had no right which could be attached. But where goods were put into A's hands, to sell as the owner should direct and distribute the proceeds among certain creditors, it was held that only a revocable agency was created.17 So where an agent who received money from his principal to pay over to a creditor subsequently used the money otherwise for his principal's benefit, and the principal assented, it was held that the creditor had acquired no rights.18 But where an insurance company gave to the insured at his request checks for a commission payable to an insurance agent, the insured was held liable for refusing to deliver the checks to the agent and returning then to the insurance company.19