Campbell v. Jefferson Federal Savings & Loan Ass'n

MADDOX, Justice.

The issue in this case involves the liability of a lending institution for an alleged *1111dishonest or fraudulent act committed by one of its agents, acting outside his authority.

The tendencies of the evidence are as follows: Appellants/plaintiffs Oscar and Ruby Campbell opened an account with appellee/defendant Jefferson Federal Savings & Loan Association at its Huntsville branch when that branch opened. Larry Mitchell, named as a defendant below, was manager of the Huntsville branch at that time. The Campbells did not know Mitchell except through their dealings with him at the…