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ROSELL v. PULASKI BANK & TRUST CO.

No. 79-9.

582 S.W.2d 1 (1979)

Dan ROSELL, Appellant, v. pulaski Bank & trust CO., Appellee.

Supreme Court of Arkansas, Division 1.

Rehearing Denied June 25, 1979.

Attorney(s) appearing for the Case

Moses, McCellan, Owen & McDermott by Harry E. McDermott, Jr., Little Rock, for appellant.

Cearley, Gitchel, Bogard, Mitchell & Bryant, P.A. by Michael W. Mitchell, Little Rock, for appellee.

HICKMAN, Justice.

Dan Rosell, the appellant, sued the Pulaski Bank and Trust Company for $10,000 actual, and $50,000 punitive damages. The theory of Rosell's suit was that the bank had allowed a third party, Larry Coulter, to cash a $10,000 certificate of deposit that was being held by the bank for the benefit of Rosell. The chancellor held there was insufficient evidence of a valid escrow agreement or trust relationship between the bank and Rosell, and denied any...

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