Southern Bank of Commerce v. Union Planters National Bank

Donald L. Corbin, Justice.

The instant appeal presents the question of whether Appellee Union Planters National Bank is a holder in due course, as defined by the Uniform Commercial Code, and is entitled to seek payment from Appellant Southern Bank of Commerce after a cashier’s check issued by Southern Bank was declined due to insufficient funds. On appeal, Southern Bank argues that the trial court erred in finding that Union Planters was a holder in due course. Southern Bank also argues that the trial court’s award to Union Planters of prejudgment interest was in error. Union Planters…