UNIV. SAV. ASS'N v. INTERCONTINENTAL CONSOL. COMPANIES, INC.

No. 01-87-00750-CV.

751 S.W.2d 657 (1988)

UNIVERSITY SAVINGS ASSOCIATION and Petrolife, Inc., Appellants, v. INTERCONTINENTAL CONSOLIDATED COMPANIES, INC., Appellee.

Court of Appeals of Texas, Houston (1st Dist.).

Rehearing Denied June 16, 1988.


Attorney(s) appearing for the Case

James H. Leeland, W. David East, Walsh, Squires & Tompkins, Mark K. Glasser, John E. Nelson, III, Porter & Clements, Houston, for appellants.

Dalton L. Jones, Gregg, Jones, Mieszkuc & Pollard, Don B. Morgan, Wettinger, Steelhammer, Tucker, Fred C. Allen, Fulbright & Jaworski, W. James Kronzer, Law Offices of W. James Kronzer, Houston, for appellee.

Before JACK SMITH, COHEN and HOYT, JJ.


OPINION

JACK SMITH, Justice.

The primary issue in this case is whether a savings association has a legal right to stop payment on a "teller's check," and what the legal consequences are when payment of the "teller's check" is stopped.

It is undisputed that Petrolife, Inc. and the appellee, Intercontinental Consolidated Companies, Inc., entered into a contract for the purchase of gasoline, but the date...

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