Guardian Fidelity Corp. v. First South Savings Bank

Littlejohn, Judge:

*65This action was commenced by Plaintiff Guardian Fidelity Corporation, Appellant, a lending institution, against Defendant First South Savings Bank, Respondent, to recover $5,000 plus interest allegedly due because First South did not honor James L. Felder’s assignment of a certificate of deposit in favor of Guardian. The Answer of First South alleges in essence that Felder, a borrower from both institutions, had previously given to it an assignment of the certificate superior to that of Guardian. The Answer tenders payment in the amount of $862.47 held by First South after…