Mohr (P) and Loyd each owned 50% of Tri-County Farm Equipment Co. That bank account was with the First National Bank of Olathe. By directors' resolution, all checks payable to the company could be endorsed for deposit in that account by any corporate officer. Loyd had an oil business under the name of Earthborn Energy. That account was in the State Bank of Stanley. Loyd endorsed eight checks payable to Tri-County over to Earthborn Energy. Tri-County sued and recovered a judgment against State Bank (D) for conversion of those checks. D appealed.

This section contains the nature of the case and procedural background.

The legal issues presented in this case will be displayed here.

The court's holding and decision will be displayed here.

Legal analysis from Dean's Law Dictionary will be displayed here.