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  5. 793 S.W.2d 652 (1990)
 

GUARANTY FEDERAL SAVINGS BANK v. HORSESHOE OPERATING CO.

Nos. C-7559, C-7720.

793 S.W.2d 652 (1990)

GUARANTY FEDERAL SAVINGS BANK, Petitioner, v. The HORSESHOE OPERATING COMPANY, Respondent. INTERCONTINENTAL CONSOLIDATED COMPANIES, INC., Petitioner, v. UNIVERSITY SAVINGS ASSOCIATION and Petrolife, Inc., Respondents.

Supreme Court of Texas.

Rehearing Overruled May 9, 1990.

Attorney(s) appearing for the Case

Michael P. Lynn, Susan B. Greenberg, Jeffrey C. Glass, Dallas, for Guar. Federal Sav. Bank

Marvin Thomas, Nathan K. Griffin, Dallas, for Horseshoe Operating Co.

James W. Kronzer, Michael Hendryx, Houston, Dalton L. Jones, League City, for Intercontinental Consol. Companies, Inc.

James H. Leeland, W. David East, Mark K. Glasser, John E. Nelson, III, Houston, for University Sav. Ass'n and Petrolife, Inc.

ON MOTION FOR REHEARING

HIGHTOWER, Justice.

Petitioners' and Respondent The Horseshoe Operating Company's motions for rehearing are overruled. The opinion of January 3, 1990 is withdrawn and the following is substituted.

These consolidated cases concern a savings and loan association's liability on its so-called "teller's check." A "teller's check" is a check drawn by a savings association on its account at another financial institution and made...

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