Isaac v. American Heritage Bank & Trust Co.
Supreme Court of Colorado
1Opinion of the Court
DUBOFSKY, Justice.
We granted certiorari to review the judgment of the Court of Appeals in American Heritage Bank and Trust Co. v. Isaac, 636 P.2d 1296 (Colo.App.1981), which held that a bank customer may not recover for his bank’s improper payment of a draft unless the customer proves that the bank’s action caused his loss. We affirm the judgment of the Court of Appeals.
James B. Isaac (Isaac), defendant-petitioner, and Mikle Sadler (Sadler) formed a partnership, Cash Cattle Co., to buy and sell cattle. On June 30, 1977, the partners executed a $102,000 note payable to American Heritage Bank…
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- Cincinnati Insurance v. First National BankOhio Supreme Court · 1980
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