Boyer v. First National Bank of Kokomo

CONOVER, Judge.

Plaintiff-appellant William R. Boyer (Boyer) appeals the judgment of the Marion Circuit Court in favor of appellees First National Bank of Kokomo (First National) and Merchants National Bank & Trust Company (Merchants), (collectively “the Banks”).

We affirm.

ISSUES

1. Were Boyer and Twin Lakes engaged in a joint venture?

2. Did the Banks act in a commercially reasonable manner when they cashed two checks made payable to “Twin Lakes Steel Co., Inc. & Boyer” even though both checks were endorsed only by Twin Lakes? FACTS

Boyer and Twin Lakes Construction Co. (Twin Lakes) executed a…