Jack Greer v. White Oak State Bank

This is an appeal from a district court judgment in favor of the White Oak State Bank against the payee and two endorsers of a check paid by the bank before it was dishonored by the drawee bank. We reverse the judgment against the two endorsers because they were discharged from liability by the banks failure to give timely notice of dishonor. We reform and affirm the judgment against the payee for a reduced recovery on the basis of unjust enrichment.