Howick v. Bank of Salt Lake

ELLETT, Justice:

The defendant, hereafter called the bank, appeals from a summary judgment in favor of Howick.

*66'""Hówifck’s ’¿ofporate client' had a certificate' of deposit in the amount of -$5,000 with the banlo which it had pledged for a loan. The corporate client obtained temporary possession of the certificate by telling the-bank it needed the certificate to show its auditor in. order to make up a prospectus for-stock sale purposes. Instead-of returning the certificate to the bank as promised, the corporate client assigned it to Howick in payment of attorney’s fees which it owed to him. The…