Bank of the Ozarks v. Jim Wood Co.

DAVID M. GLOVER, Judge.

_JjThis appeal involves interpretation of a joint-check agreement among appellant Bank of the Ozarks (Bank) and its customer, appellee Capital Dirtworks, LLC (Dirt-works), a subcontractor, and the subcontractor’s general contractor, appellee Jim Wood Company, Inc. (JWC).

JWC served as the general contractor on a construction project located in Tennessee. Dirtworks was a subcontractor on the project. Bank of the Ozarks loaned money to Dirtworks for the project. In January 2008, the project owner paid JWC $281,000. JWC issued a series of checks, distributing the $281,000,…