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RESEARCH-PLANNING, INC. v. BANK OF UTAH

No. 18968.

690 P.2d 1130 (1984)

RESEARCH-PLANNING, INC., a Utah corporation, Plaintiff and Appellant, v. BANK OF UTAH, Defendant and Respondent.

Supreme Court of Utah.

September 28, 1984.

Attorney(s) appearing for the Case

Claron C. Spencer, Keith W. Meade, Salt Lake City, for plaintiff and appellant.

Glenn C. Hanni, Stuart H. Schultz, Salt Lake City, for defendant and respondent.

STEWART, Justice:

The issue is whether the Bank of Utah acted in bad faith by disbursing plaintiff's escrowed funds, which the plaintiff's escrow agent had deposited in its general checking account and which the Bank was unaware were deposited for escrow purposes.

On or about August 18, 1980, the plaintiff, Research-Planning, Inc., gave a $260,000 cashier's check to First Capital Mortgage Loan Corp. to hold in escrow...

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