Legal Opinion
Research-Planning, Inc. v. Bank of Utah
Utah Supreme Court
Decided September 28, 1984No. 18968PublishedCited by 17 opinions
1Opinion of the Court
STEWART, Justice:
The issue is whether the Bank of Utah acted in bad faith by disbursing plaintiff’s escrowed funds, which the plaintiff’s escrow agent had deposited in its general checking account and which the Bank was unaware were deposited for escrow purposes.
On or about August 18, 1980, the plaintiff, Research-Planning, Inc., gave a $260,-000 cashier’s check to First Capital Mortgage Loan Corp. to hold in escrow for consummation of a real estate transaction between Research-Planning and R.K. Buie and Associates. The check was made out jointly to First Capital and R.K. Buie. On August 19,…
2Cases cited9 opinions
- Trenton Trust Co. v. Western Surety Co.Supreme Court of Missouri · 1980
- Davis v. Pennsylvania Co., Etc.Supreme Court of Pennsylvania · 1940
- Johnson v. Citizens National BankAppellate Court of Illinois · 1975
- Edwards v. Northwestern BankCourt of Appeals of North Carolina · 1979
- Union Bank & Trust Co. v. Girard Trust Co.Supreme Court of Pennsylvania · 1932
4 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- Zions First National Bank v. Clark Clinic Corp.Utah Supreme Court · 1988
- E.F. Hutton Mortgage Corp. v. Equitable Bank, N.A.District Court, D. Maryland · 1988
- New Jersey Title Insurance v. CaputoSupreme Court of New Jersey · 2000
- Koss Corporation v. Park BankWisconsin Supreme Court · 2019
- Springfield Township v. Mellon PSFS BankSupreme Court of Pennsylvania · 2005
12 more not listed; retrieve them via the Exa API.