United States Eighth Circuit
AM. STATE BANK v. UNION PLANTERS BANK, N.A., 02-3051
Where one payee indorsed a check that was payable jointly to two payees, and a bank paid the indorsing payee without the other's consent, the bank's liability under Article 3 of the Arkansas UCC should be limited to the actual loss.
Appellate Information
- Decided 06/13/2003
- Published 06/13/2003
Judges
- LOKEN, Chief Judge., Before HANSEN, Chief Judge, LOKEN and SMITH, Circuit Judges.
Court
- United States Eighth Circuit
Counsel
- For Appellant:
- Daniel T. Williams, argued, Jonesoboro, AR, for appellant.
- For Appellees:
- Robert F. Thompson, III, argued, Paragould, AR, for appellee.