La Sara Grain Co. v. First National Bank of Mercedes

Supreme Court of Texas · Decided 1984-05-23

Cited by 431 later decision(s) in our corpus · see the citation network in Lexace

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From the opinion

SPEARS, Justice. This action concerns a bank’s liability for honoring checks with fewer than the required number of signatures, failing to follow a restrictive endorsement, and other alleged wrongful acts and deceptive trade practices which allowed an employee to embezzle funds from his employer. After a nonjury trial, the district court rendered judgment against the bank for $911,829.66; that figure included actual damages, a…

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