Mid-Central Towing Co. v. National Bank of Tulsa

IRWIN, Justice.

This action was commenced by Mid-Central Towing Company, hereinafter referred to as Mid-Central, against the National Bank of Tulsa, hereinafter referred to as NBT, for the collection of a cashier’s check. NBT had issued and delivered the cashier’s check to Mid-Central at the request of Mid-Central after it presented for payment a check wherein Mid-Central was payee, D-X Sunray Oil Company was the payer or drawer, and NBT was the drawee bank. NBT refused to honor the cashier’s check when presented for payment by Mid-Central for the reason NBT had received a stop payment order…