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FIRST GUARANTY BANK v. NORTHWEST GA. BANK

A91A2107.

203 Ga. App. 583 (1992)

417 S.E.2d 348

FIRST GUARANTY BANK v. NORTHWEST GEORGIA BANK.

Court of Appeals of Georgia.

Reconsideration Denied March 26, 1992.

Attorney(s) appearing for the Case

Miller & Martin, Charles B. Lee, William S. Parrish, for appellant.

Clifton M. Patty, Jr., for appellee.

BEASLEY, Judge.

This case presents questions concerning Article 4 of the UCC (OCGA § 11-4-101 et seq.), governing the liability of banks as between themselves arising from transactions involving non-negotiable items, as well as commercial paper or negotiable instruments which are governed by Article 3 (OCGA § 11-3-101 et seq.). The central question is whether the collecting bank or payor bank is liable for payment of a non-negotiable certificate of deposit...

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