FLATIRON LINEN v. FIRST AMER. STATE BANK

No. 99SC887.

23 P.3d 1209 (2001)

FLATIRON LINEN, INC., Petitioner, v. FIRST AMERICAN STATE BANK, a Colorado state banking corporation, and Colorado National Bank, a bank corporation, Respondents.

Supreme Court of Colorado, En Banc.

May 29, 2001.


Attorney(s) appearing for the Case

Levi Martinez, Vice President, Flatiron Linen, Inc., Denver, CO, Pro Se.

Aronowitz & Ford, LLP, Timothy C. Ford, Denver, CO, Attorneys for Respondents.


Justice KOURLIS delivered the Opinion of the Court.

In this case, we granted certiorari to address questions related to the legal status of a cashier's check under Articles 3 and 4 of the Uniform Commercial Code (U.C.C.). Specifically, we address the issue of whether an obligated bank that accepts an endorsed personal check on the account of one of its customers and issues a cashier's check in the same amount can later refuse to honor that cashier's check on the basis...

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