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YEISER v. BANK OF ADAMSVILLE

614 S.W.2d 338 (1981)

Bob YEISER, d/b/a Yeiser Oil Company, Appellant, v. BANK OF ADAMSVILLE, Appellee.

Supreme Court of Tennessee.

March 23, 1981.

Attorney(s) appearing for the Case

James A. Hopper, Savannah, for appellant.

Terry Abernathy, Selmer, for appellee.

OPINION

FONES, Justice.

This case involves a UCC issue of first impression in Tennessee, to wit, whether a payor bank that fails to "wire advice" of non-payment of checks of twenty-five hundred dollars or more as required by Federal Reserve Operating Letter is "accountable" for the face amount of the checks, although the checks are "returned" as contemplated by T.C.A. § 47-4-301 before its "midnight deadline."

Plaintiff, Yeiser's company, was...

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