[DOWNLOAD] "Lockhart Savings & Loan Association v. Republicbank Austin" by Third District, Austin Court of Appeals of Texas * Book PDF Kindle ePub Free
eBook details
- Title: Lockhart Savings & Loan Association v. Republicbank Austin
- Author : Third District, Austin Court of Appeals of Texas
- Release Date : January 29, 1986
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 71 KB
Description
Lockhart Savings & Loan Association appeals from a summary judgment that RepublicBank Austin was not liable on a dishonored check. The check was drawn on RepublicBank and deposited in Lockhart Savings by William H. Stoll. Stoll was not a party to this suit. Appellant Lockhart Savings asserts RepublicBank is liable on the check because RepublicBank failed to return the item before the Austin Clearinghouse deadline of one oclock p.m. RepublicBank contends return through the clearinghouse was optional and that it properly dishonored the item by giving notice to Lockhart Savings within the midnight deadline established by statute. The trial court rendered a take nothing judgment against Lockhart Savings. We will reverse the judgment and remand the cause.
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