Article Date: 11/15/10

JOINT CHECK AGREEMENT DID NOT PRECLUDE NAMING ADDITIONAL PAYEES

Court of Appeals of Arkansas, Division One

Bank of the Ozarks v. Jim Wood Company, Inc.

No. CA10-19
October 20, 2010

Overview

An Arkansas court has ruled that a joint check agreement did not preclude naming additional payees on the checks. The court rejected the argument that the agreement implicitly limited the progress payment checks to the two stipulated parties.

Background

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