Union Bank & Trust Co. v. Elmore County National Bank

ON APPLICATION FOR REHEARING

HORNSBY, Chief Justice.

This Court’s opinion issued August 23, 1991, is withdrawn, and the following is substituted therefor:

On October 25, 1989, Union Bank & Trust Company (“Union Bank”) lent Bill Burnette $10,900. Burnette had told the *561loan officer at Union Bank that he wanted the money to buy a 1989 Dodge Caravan van from L.C. Skinner Used Cars (“Skinner”); that the price of the van was $12,-900; and that he had already paid $2,000 as a down payment. Burnette gave the loan officer a “bill of sale and invoice” for the Caravan, which Burnette had forged and which…