Benchmark Bank v. State Farm Lloyds

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that a drawer’s obligation is discharged as a matter of law where a draft, properly issued to joint payees, is delivered, honored and paid
• applying Louisiana UCC which was substantially the same as the Texas UCC
• when movant asserts multiple grounds for summary judgment, and order does not state theory upon which trial court based judgment, nonmovant must show on appeal failure of at least one element of each theory asserted
• possession by one payee is constructive possession by the other

Source: CourtListener parenthetical corpus (CC0).