Mohr v. State Bank Of Stanle

734 P.2d 1071 (1987)

Purchase the Printed Copy at bsmsphd.com

Nature of the Case

To access this section all you need to do is click here and register.

Facts

Mohr (P) and Loyd each owned 50% of Tri-County Farm Equipment Co. That bank account was with the First National Bank of Olathe. By directors' resolution, all checks payable to the company could be endorsed for deposit in that account by any corporate officer. Loyd had an oil business under the name of Earthborn Energy. That account was in the State Bank of Stanley. Loyd endorsed eight checks payable to Tri-County over to Earthborn Energy. Tri-County sued and recovered a judgment against State Bank (D) for conversion of those checks. D appealed.