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SOUTHERN COTTON OIL CO. v. MERCHANTS NAT. BANK

No. 81-4077.

670 F.2d 548 (1982)

The SOUTHERN COTTON OIL CO., INC., Plaintiff-Appellant, v. MERCHANTS NATIONAL BANK, Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

Rehearing Denied April 14, 1982.

Attorney(s) appearing for the Case

William C. Beanland, Vicksburg, Miss., for plaintiff-appellant.

J. Stanford Terry, C. E. Sorey, II, Vicksburg, Miss., for defendant-appellee.

Before BROWN, GOLDBERG and GEE, Circuit Judges.

PER CURIAM:

Southern Cotton Oil Co., Inc. (Southern) brought this suit on the basis of three "draft" instruments which the Merchants National Bank (Bank) held for extended periods of time before returning them to Southern.1 The District Court, following a trial without a jury, found that the Bank exercised reasonable care and dismissed Southern's complaint. We affirm that judgment on the basis of (i) both parties' argument at trial that...

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