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REZAPOLVI v. FIRST NATIONAL BANK

[No. 171, September Term, 1981.]

296 Md. 1 (1983)

459 A.2d 183

KAMAL H. REZAPOLVI v. FIRST NATIONAL BANK OF MARYLAND

Court of Appeals of Maryland.

Motion for reconsideration filed May 25, 1983.

Denied May 26, 1983.

Attorney(s) appearing for the Case

James Robert Miller, with whom were Miller & Steinberg on the brief, for appellant.

C. Lamar Garren, with whom were Piper & Marbury on the brief, for appellee.

The cause was argued before MURPHY, C.J., and ELDRIDGE, COLE, DAVIDSON, RODOWSKY and COUCH, JJ.

ELDRIDGE, J., delivered the opinion of the Court.

The dispute in this case concerns the right of a bank to dishonor its own cashier's check.

Kamal Rezapolvi entered into a "Preliminary Agreement" with R. Gordon Loetz, Sr., the president and owner of Columbia Marketing Corporation, for the purchase of a restaurant franchise. Pursuant to this agreement, in October 1977, Rezapolvi paid Loetz a total of $13,622 as a deposit...

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