Union Planters National Bank v. American Home Assurance Co.

CRAWFORD, Judge.

Plaintiff, Union Planters National Bank (hereinafter Plaintiff or UPNB), appeals from the order of the trial court granting summary judgment to defendant, American Home Assurance Company (hereinafter Defendant or American Home). Plaintiff sued Defendant for sums allegedly due under a breach of warranty endorsement to an insurance policy issued by Defendant. Although the parties filed a detailed stipulation of facts in the trial court, we will limit our statement of the facts to those necessary for consideration of the issues involved.

On February 27, 1980, Owen C. Bell borrowed…