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CANAL INS. CO. v. FIRST NAT. BANK OF FORT SMITH

No. 79-288.

596 S.W.2d 709 (1980)

CANAL INSURANCE COMPANY and International Harvester Credit Corporation, Petitioners, v. FIRST NATIONAL BANK OF FORT SMITH, Arkansas, et al., Respondent.

Supreme Court of Arkansas.

April 14, 1980.

Attorney(s) appearing for the Case

Hardin, Jesson & Dawson, Jones, Gilbreath & Jones, Fort Smith, for petitioners.

Shaw & Ledbetter, Fort Smith, for respondent.

HICKMAN, Justice.

We granted review of this decision by the Court of Appeals because one question dealt with concerns the Commercial Code and its application.

That question was whether an instrument which purported to be a draft, containing the language, "Upon Acceptance... Payable Through the South Carolina National Bank, Greenville, South Carolina," was a negotiable instrument. The Court of Appeals held that it...

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