Legal Opinion
Security Bank v. Whiting Turner Contracting Co.
District of Columbia Court of Appeals
Decided May 5, 1971No. 5420PublishedCited by 4 opinions
1Opinion of the Court
GALLAGHER, Associate Judge:
This is an appeal from the grant of summary judgment in this proceeding, which involves the “first money in, first money out” rule, otherwise known as “first in, first out” or “FIFO.” The parties entered into a stipulation of the facts and then cross-motions for summary judgment were filed. The sole issue in the trial court was the correct amount of damages.
This suit brought by appellant Security Bank (the bank) against appellee Whiting Turner Contracting Company (Whiting) involves a check for $149,266.44 issued by Whiting to Ray Gains, Inc. on February 10, 1969,…
2Cases cited2 opinions
- Citizens Nat. Bank v. FT. LEE S & L ASS'NNew Jersey Superior Court Appellate Division · 1965
- Falls Church Bank v. Wesley Heights Realty, Inc.District of Columbia Court of Appeals · 1969
3Cited by4 opinions
- Bank of Costa Mesa v. LosackCalifornia Court of Appeal · 1977
- Baltimore & Associates, Inc. v. Municipal Escrow & Title Co.District Court, District of Columbia · 1985
- Union Bank and Trust Co. v. PolkinghorneCourt of Civil Appeals of Oklahoma · 1990
- Union Bank and Trust Co. v. PolkinghorneCourt of Civil Appeals of Oklahoma · 1990