Legal Opinion
First National Bank of Mercedes v. La Sara Grain Co.
Court of Appeals of Texas
Decided October 7, 1982No. 2209cvPublishedCited by 11 opinions
1Opinion of the Court
OPINION
GONZALEZ, Justice.
This case primarily involves the question of a Bank’s liability, when it pays checks and allows withdrawals on less than the required number of signatures. In April, 1975, Plaintiff-appellee, La Sara Grain Company, opened a checking account at the First National Bank of Mercedes, Texas, Defendant-appellant. La Sara gave the Bank a corporate resolution requiring the signatures of two persons to sign all its checks. Over a three and a half year period, the Bank honored La Sara’s checks with only one signature. La Sara brought suit against the Bank alleging negligence,…
2Cases cited15 opinions
- Garza v. AlviarTexas Supreme Court · 1965
- Riverside National Bank v. LewisTexas Supreme Court · 1980
- Swanson v. SwansonTexas Supreme Court · 1950
- Farmers & Merchants State Bank of Krum v. FergusonTexas Supreme Court · 1981
- Gibson v. ThompsonSupreme Court of the United States · 1957
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3Cited by11 opinions
- La Sara Grain Co. v. First National Bank of MercedesTexas Supreme Court · 1984
- Kuwait Airways Corporation v. American Security Bank, N.A. And First American Bank, N.A.Court of Appeals for the First Circuit · 1990
- Provident Savings Bank v. United Jersey BankNew Jersey Superior Court Appellate Division · 1985
- First National Bank of Mercedes v. La Sara Grain Co., Texas Court of Appeals, 13th District1984
- Diversified Human Resources Group, Inc. v. PB-KBB, Inc., Texas Court of Appeals, 1st District (Houston)1984
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