Flatiron Linen, Inc. v. First American State Bank

Opinion by

Judge ROY.

Plaintiff, Flatiron Linen, Inc., appeals the dismissal pursuant to C.R.C.P. 12(b)(5) of its claims against defendant, First American State Bank (the obligated bank), arising out of its refusal to honor its cashier's check. Plaintiff also appeals the summary judgment dismissing its claims against defendant, Colorado National Bank (the depositary bank), arising out of the debiting of plaintiff's account following the failure of the obligated bank to honor its cashier's check. We affirm.

On October 16, 1996, Fluffy Reed Foundation, Inc., (FRF) issued a check drawn on its…