Ames v. Great Southern Bank

KILGARLIN, Justice.

This is a suit to recover the proceeds of a certificate of deposit, or, as it is sometimes called, a "CD.” It presents the novel question whether, under the Uniform Commercial Code, a bank is liable for failure to secure the endorsement of the payee of a CD before cashing in the certificate. The trial court, based on answers to special issues, rendered judgment that Nancy Ames take nothing from Great Southern Bank, Houston, Texas. The court of appeals affirmed. 672 S.W.2d 500. We affirm that part of the judgments of the courts below which denied attorney’s fees to Great…