Rice V. First Nat. Bank - New Mexico Supreme Court

Rice V. First Nat. Bank

By New Mexico Supreme Court

  • Release Date: 1946-06-27
  • Genre: Law
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Rice V. First Nat. Bank New Mexico Supreme Court Book Review Score: ★★★★★ 5/5 stars

The plaintiff sued The First National Bank in Albuquerque for damages alleging negligence as escrow holder in failing to stop the recordings, of a deed, after the payment of a check of Kenneth H. Bair, the grantee in the deed, drawn on the escrow agent in favor of plaintiff had been stopped. Kenneth H. Bair intervened and defended on the ground that plaintiff was his agent, used his money in the purchase of the land, and was guilty of fraud. By stipulation it was agreed that plaintiff's rights under a written contract and the check given pursuant thereto as against the intervener should also be determined in this case. The findings and judgment were for the defendant bank and the intervener. Plaintiff has appealed.

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