This Supreme Court case involved a dispute between Fleckner, the plaintiff in error, and The President, Directors, and Company of the Bank of the United States (the defendants in error). Fleckner had brought suit against the bank for failing to pay him money owed from a promissory note. The lower court found that there was no legal obligation on behalf of the bank to make payment as it was not an original party to this contract. On appeal before the Supreme Court, Fleckner argued that he should be able to recover his debt due since he had been assigned rights under this agreement by another party who was originally liable for payment. However, after considering all arguments presented by both parties and examining relevant case law at hand regarding similar disputes involving third-party assignees such as Fleckner’s situation here; ultimately Chief Justice Marshall delivered an opinion affirming judgment rendered by lower court which held that no recovery could be made from Bank of United States because they were not signatories or otherwise legally obligated under terms of original contract.

In this case, the Supreme Court was asked to decide whether a state court had jurisdiction over an action brought by Fleckner against the Bank of the United States. The majority opinion held that it did not have such jurisdiction because Congress had granted exclusive authority to federal courts in cases involving national banks. However, Justice Johnson dissented from this decision and argued that states should retain their power to hear cases involving national banks as long as they do not conflict with any laws passed by Congress. He reasoned that if a state court is competent enough to handle other types of legal disputes, then there is no reason why it cannot also adjudicate matters concerning national banks. Furthermore, he noted that allowing states to exercise their own judicial powers would help ensure uniformity in banking regulations across different jurisdictions and prevent potential conflicts between federal and state laws on these issues.