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FIRST NAT'L BANK v. ASSOC. INVEST. CO. ET AL.

No. 20,511.

140 Ind. App. 394 (1966)

221 N.E.2d 684

FIRST NATIONAL BANK OF MISHAWAKA v. ASSOCIATES INVESTMENT COMPANY ET AL.

Court of Appeals of Indiana.

Rehearing denied February 24, 1967.

Transfer denied January 25, 1968.

Attorney(s) appearing for the Case

Thomas P. Laughlin, William T. Means, Donald R. Myers, Richard Bodine and Bingham, Loughlin, Means & Bodine, of Mishawaka, all for appellant.

George E. Herendeen, of South Bend, for appellee.

CARSON, J.

In this appeal, we are called upon to determine the liability, if any, of a bank when it stops payment on a cashier's check, drawn on itself, at the request of the purchaser of the check.

The facts in this case may be summarized as follows:

Gordon Sheline was the President of Sheline Auto Sales, Inc. On February 21, 1961, Mr. Sheline went to the Arena Auto Auction in Chicago, Illinois, to purchase several automobiles, one of which was a...

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