LA SARA GRAIN v. FIRST NAT. BANK OF MERCEDES

No. C-1784.

673 S.W.2d 558 (1984)

LA SARA GRAIN COMPANY, et al., Petitioners, v. FIRST NATIONAL BANK OF MERCEDES, Texas, Respondent.

Supreme Court of Texas.

Rehearing Denied July 18, 1984.


Attorney(s) appearing for the Case

William E. York, McAllen, Adams, Graham, Jenkins, Graham & Hamby, Ferriel C. Hamby, Jr., Harlingen, for petitioners.

Kelly, Looney, Alexander & Sawyer, Ralph L. Alexander, Edinburg, for respondent.


SPEARS, Justice.

This action concerns a bank's liability for honoring checks with fewer than the required number of signatures, failing to follow a restrictive endorsement, and other alleged wrongful acts and deceptive trade practices which allowed an employee to embezzle funds from his employer. After a nonjury trial, the district court rendered judgment against the bank for $911,329.66; that figure included actual damages, additional damages under the Deceptive...

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