[Download] "Josephine L. Smith and Allen H. Smith v. Commonwealth National Bank" by Middle Section Court of Appeals of Tennessee ~ eBook PDF Kindle ePub Free
eBook details
- Title: Josephine L. Smith and Allen H. Smith v. Commonwealth National Bank
- Author : Middle Section Court of Appeals of Tennessee
- Release Date : January 17, 1989
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 75 KB
Description
The issue in this appeal concerns the liability of an escrow holder for potential income lost on funds removed from an escrow account to pay taxes where the payee, Internal Revenue Service, lost the escrow holders check, thus requiring the issuance of a new, later check. The trial court held that there was no liability for failure to keep the funds invested where, as here, the escrow holder had removed the funds and drawn the check in full compliance with the terms of the escrow agreement. We agree and affirm.
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