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NELSON v. PLATTE VALLEY STATE BANK & TRUST CO.

No. 86-1431.

805 F.2d 332 (1986)

Mark A. NELSON, dba Nelson Farm Equipment, Appellees, v. PLATTE VALLEY STATE BANK & TRUST COMPANY, Appellant.

United States Court of Appeals, Eighth Circuit.

Decided November 14, 1986.

Attorney(s) appearing for the Case

Kenneth C. Fritzler, Kearney, Neb., for appellant.

T.R. Pardy, Howard, S.D., for appellees.

Before HEANEY and WOLLMAN, Circuit Judges, and DUMBAULD, Senior District Judge.

HEANEY, Circuit Judge.

This appeal presents the issue whether the process of posting of a check has been completed such that a bank has made final payment and has become liable thereon.

FACTS

The material facts in this case are not in dispute. Mark A. Nelson accepted a check dated March 1, 1984, from P & P Machinery Co. (P & P) in consideration for the sale of a tractor. The check was drawn on Platte Valley State Bank & Trust Co. (Platte...

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