Legal Opinion
Spears Carpet Mills, Inc. v. Century National Bank of New Orleans
District Court, W.D. Arkansas
Decided April 22, 1988No. Civ. 87-4089PublishedCited by 4 opinions
1Opinion of the Court
MEMORANDUM OPINION
MORRIS SHEPPARD ARNOLD, District Judge.
This is an appeal from the bankruptcy court’s dismissal of a trustee’s complaint in an adversary proceeding against a bank. The trustee claimed that the bank had honored certain items presented for payment against the debtor’s account and that such payments were both negligent and in breach of its contract with debtor. The bankruptcy judge held that the Louisiana version of U.C.C. § 4-406(4) barred the trustee’s claim as to most of the items paid. As to the other items, the bankruptcy judge found that the facts did not establish a basis…
2Cases cited11 opinions
- G & R Corporation, a Delaware Corporation v. American Security & Trust Company, Max S. Kraft and Oscar MarguliesCourt of Appeals for the D.C. Circuit · 1975
- Pine Bluff National Bank v. KestersonSupreme Court of Arkansas · 1975
- Wolfe v. University National BankCourt of Appeals of Maryland · 1973
- King-Of-All Manufacturing, Inc. v. Genesee Merchants Bank & Trust Co.Michigan Court of Appeals · 1976
- Rascar, Inc. v. Bank of OregonCourt of Appeals of Wisconsin · 1978
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3Cited by4 opinions
- Knight Communications, Inc. v. Boatmen's National Bank of St. LouisMissouri Court of Appeals · 1991
- Stanley Ex Rel. Estate of Hale v. TrinchardCourt of Appeals for the Fifth Circuit · 2009
- Lamp v. First National Bank of GarretsonSouth Dakota Supreme Court · 1993
- Lamp v. First National Bank of GarretsonSouth Dakota Supreme Court · 1993