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COLBY v. BANK OF DOUGLAS

No. 7290.

91 Ariz. 85 (1962)

370 P.2d 56

Albert B. COLBY, Ray B. Lucas and Arnold J. Grasmoen, Receivers of Arizona Savings and Loan Association, Appellants, v. BANK OF DOUGLAS, a corporation, Appellee.

Supreme Court of Arizona. In Division.

March 21, 1962.

Attorney(s) appearing for the Case

David J. Perry, Ralph G. Smith, Jr., and Allan J. Stanton, Phoenix, for appellants.

Ryley, Carlock & Ralston, Phoenix, for appellee.

STANFORD, Superior Court Judge.

This is an appeal from an order granting summary judgment in an action brought by the plaintiff Bank of Douglas against the Receivers of the Arizona Savings and Loan Association.

The summary judgment was based upon the plaintiff's affidavit which stated the following facts: On June 12, 1959, one Walter L. Varner, Jr., presented to the Bank of Douglas a check for $2,000.00 drawn by Arizona Savings and Loan Association upon the...

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