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CHOUTEAU AUTO MART v. FIRST BANK OF MO.

No. SC 83410.

55 S.W.3d 358 (2001)

CHOUTEAU AUTO MART, INC., and Northland Acceptance Corp., Appellants, v. FIRST BANK OF MISSOURI, Respondent.

Supreme Court of Missouri, En Banc.

Rehearing Denied October 23, 2001.

Attorney(s) appearing for the Case

Michael S. Shipley, Vincent F. Igoe, Jr., Liberty, for Appellant.

Matthew J. Verschelden, Kansas City, for Respondent.

BENTON, Judge.

Chouteau Auto Mart, Inc. and Northland Acceptance Corporation sued First Bank of Missouri for depositing the proceeds of corporate checks, payable to the Bank, into an officer's personal account. The circuit court granted the Bank summary judgment. Chouteau and Northland appeal. After opinion, the Court of Appeals transferred the case to this Court. Mo. Const. art. V, sec. 10. Affirmed in part, reversed in part, and remanded.

I.

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