Chouteau Auto Mart, Inc. v. First Bank of Missouri

BENTON, Judge.

Chouteau Auto Mart, Inc. and North-land Acceptance Corporation sued First Bank of Missouri for depositing the proceeds of corporate checks, payable to the Bank, into an officer’s personal account. The circuit court granted the Bank summary judgment. Chouteau and Northland appeal. After opinion, the Court of Appeals transferred the case to this Court. Mo. Const art. V, sec. 10. Affirmed in part, reversed in part, and remanded.

I

This Court reviews the record in the fight most favorable to Chouteau and Northland (against whom judgment was entered), according them the benefit of all…