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MEMPHIS AERO CORP. v. FIRST AMERICAN NAT.

647 S.W.2d 219 (1983)

MEMPHIS AERO CORPORATION, Plaintiff-Appellee, v. FIRST AMERICAN NATIONAL BANK, Defendant-Appellant.

Supreme Court of Tennessee.

February 14, 1983.

Attorney(s) appearing for the Case

J.O. Bass, Jr., H. Lee Barfield, II, Nashville, James J. White, University of Michigan Law School, Ann Arbor, Mich., for defendant-appellant.

Thomas P. Kanaday, Jr., Daniel W. Small, Nashville, for plaintiff-appellee.

OPINION

HARBISON, Justice.

This case arises under the Uniform Commercial Code. It involves a claim against a commercial bank for late return of a documentary draft which it had received by mail. The Chancellor and the Court of Appeals held that the bank was liable for the amount of the draft. We reverse and dismiss.

There were some disputed factual issues at the trial. However, the following material facts...

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