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AMOS FLIGHT OPERATIONS, INC. v. THUNDERBIRD BANK

No. 11710.

112 Ariz. 263 (1975)

540 P.2d 1244

AMOS FLIGHT OPERATIONS, INC., an Arizona Corporation, Donald L. Amos and Howard W. Bollman, dba Zonic Air Freight Lines, Appellants, v. THUNDERBIRD BANK, Appellee.

Supreme Court of Arizona, In Division.

Rehearing Denied November 18, 1975.

Attorney(s) appearing for the Case

Holman & Lewis by James R. Holman, Tempe, for appellants.

Jennings, Strouss & Salmon by Timothy W. Barton and M. Byron Lewis, Phoenix, for appellee.

CAMERON, Chief Justice.

This is an appeal from a judgment entered in favor of Thunderbird Bank, appellee. Jurisdiction is taken pursuant to Rule 47(e)(5) of the Rules of the Supreme Court.

We must answer the following matters on appeal:

1. Did the bank have a right to rescind the $150,000 time certificate of deposit? 2. Was the bank damaged and therefore entitled to judgment against the plaintiffs on the counterclaim? 3. Was the...

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