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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.
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