Lamson v. Commercial Credit Corporation

Plaintiff Lamson possessed two checks issued by the defendant Commercial Credit Corporation. He sued the defendant for the face value of the checks, plus interest. The trial court found for Lamson, but the Court of Appeals reversed. Lamson v. Commercial Credit Corporation, 33 Colo. App. 343, 521 P.2d 785 (1974). We granted certiorari. We reverse the Court of Appeals, with directions.

I

A chronology of the transactions and the subsequent court trial and appeal draws the issues into focus. Originally, the drawer Commercial Credit Corporation (“the Corporation”) issued the two checks payable to…