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(DOWNLOAD) "Austin Area Teachers Federal Credit Union v. First City Bank-Northwest Hills" by Supreme Court Of Utah " eBook PDF Kindle ePub Free

Austin Area Teachers Federal Credit Union v. First City Bank-Northwest Hills

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eBook details

  • Title: Austin Area Teachers Federal Credit Union v. First City Bank-Northwest Hills
  • Author : Supreme Court Of Utah
  • Release Date : January 04, 1992
  • Genre: Law,Books,Professional & Technical,
  • Pages : * pages
  • Size : 80 KB

Description

A customer of Austin Area Teachers Federal Credit Union (the Credit Union) pledged her certificate of deposit at the Credit Union as collateral for her sons note to First City Bank-Northwest Hills, N.A. (First City). When the son defaulted, First City discovered the Credit Union had permitted its customer to withdraw her funds in contravention of the assignment agreement. First City sued the Credit Union for breach of contract. The Credit Union answered the assignment was invalid. The trial court found a valid contract and awarded First City damages of $16,591, plus prejudgment interest and attorneys fees.


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