[DOWNLOAD] "Julia Locke Stringfellow v. First American" by Supreme Court of Tennessee # Book PDF Kindle ePub Free
eBook details
- Title: Julia Locke Stringfellow v. First American
- Author : Supreme Court of Tennessee
- Release Date : January 09, 1994
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 69 KB
Description
We granted permission to appeal to consider the important question of whether a bank may dishonor its own cashiers check. We conclude that a bank may not refuse to honor its cashiers check and that the payee is entitled to recover from the bank for its dishonor. In this case, the bank is subrogated by statute to the rights of the drawer against the payee. Because the evidence establishes that the payee owed the drawer more on the underlying transaction than the bank owes the payee for the cashiers check, the payee is not entitled to recover.