CHEROKEE CARPET MILLS v. WORTHEN BANK

No. 77-197.

561 S.W.2d 310 (1978)

CHEROKEE CARPET MILLS, INC., Appellant, v. WORTHEN BANK AND TRUST CO., Appellee.

Supreme Court of Arkansas, Division 2.

February 13, 1978.


Attorney(s) appearing for the Case

Anderson & Crumpler, Magnolia, for appellant.

Rose, Nash, Williamson, Carroll, Clay & Giroir by George E. Campbell, Little Rock, for appellee.


FOGLEMAN, Justice.

Appellant Cherokee Carpet Mills, Inc. entered into a contract with Turner-McCoy, Inc. (sometimes referred to as Turner-McCoy and sometimes as T-M), a construction contractor, on October 5, 1972, for the making of certain improvements to appellant's existing plant for the manufacture of carpets. The contract price was $45,357. T-M was to furnish all labor and material. T-M was a customer of appellee Worthen Bank & Trust Company. At the time of...

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