UAW-CIO Local 31 Credit Union v. Royal Insurance Co.

ALDEN A. STOCKARD, Special Judge.

UAW-CIO Local No. 31 Federal Credit Union (hereafter “Federal”), as the holder of a dishonored draft brought suit for the face amount of the draft against the maker, Royal Insurance Co., Ltd., (hereafter “Royal”). After judgment in favor of Royal, an appeal was taken by Federal to the Missouri Court of Appeals, Western District, which affirmed the judgment. Upon application of Federal we ordered the case transferred to this court, and it will be determined here as on original appeal.

On May 8, 1974, Royal issued its draft in the amount of $12,000 “payable…