Century Construction Co. v. Bancorpsouth Bank

LEE, C.J., for the Court:

¶ 1. This appeal arises from Century Construction Company LLC’s claim against BancorpSouth Bank for negligence, breach of warranty, and wrongful conversion as a result of almost $500,000 in checks having been forged by Century’s bookkeeper from its corporate checking account with BancorpSouth. Bancorp-South moved for summary judgment, arguing that the deposit agreement signed when Century opened the checking account contained a sixty-day notice provi*347sion for fraudulent activity rather than the statutory one-year notice. The trial court agreed that as a matter of law…