UNITED AMERICAN BANK v. FIRST CITIZENS NATIONAL BANK


764 S.W.2d 555 (1988)

UNITED AMERICAN BANK OF MEMPHIS, Plaintiff-Appellee, v. FIRST CITIZENS NATIONAL BANK OF DYERSBURG, Tennessee, Defendant-Appellant.

Court of Appeals of Tennessee, Western Section.

Rehearing Denied November 3, 1988.

Permission to Appeal Denied January 23, 1989.


Attorney(s) appearing for the Case

Oscar C. Carr, III, Glankler, Brown, Gilliland, Chase, Robinson & Raines, Memphis, for defendant-appellant.

Richard M. Carter and C. Lee Cagle, Martin, Tate, Morrow & Marston, P.C., Memphis, for plaintiff-appellee.


Permission to Appeal Denied by Supreme Court January 23, 1989.

OPINION

FRANKS, Judge.

This action was precipitated when the First Citizens National Bank of Dyersburg, Tennessee refused to honor1 a cashier's check, which it had issued and subsequently was cashed and presented for payment by United American Bank of Memphis.

The cashier's check in the amount of $50,000.00 was made payable to the order of "Investment...

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