Lockhart Savings & Loan Ass'n v. RepublicBank Austin

BRADY, Justice.

Lockhart Savings & Loan Association appeals from a summary judgment that Re-publicBank Austin was not liable on a dishonored cheek. The check was drawn on RepublicBank and deposited in Lockhart Savings by William H. Stoll. Stoll was not a party to this suit. Appellant Lockhart Savings asserts RepublicBank is liable on the check because RepublicBank failed to return the item before the Austin Clearinghouse deadline of one o’clock p.m. Repub-licBank contends return through the clearinghouse was optional and that it properly dishonored the item by giving notice to Lockhart Savings…