Supreme Court of Washington
693 P.2d 92 (1985)
Charles Alcombrack was appointed as guardian for his son, Chad Stephen Alcombrack, who was the beneficiary of a life insurance policy. The insurance company issued a check for $30,588.39 to “Charles Alcombrack, Guardian of the Estate of Chad Stephen Alcombrack a Minor.” The check was endorsed by “Charles Alcombrack Guardian of the Estate of Chad Stephen Alcombrack, a minor.” However, Charles Alcombrack opened personal accounts with Olympic Bank (the Bank) (defendant) and deposited the check into his personal accounts. The same day, the attorney for the guardianship called the bank to inquire about the fees for guardianship accounts. The bank responded by letter, referencing the “Estate of Chad Alcombrack.” Charles Alcombrack spent substantially all of the trust money for his personal benefit. Subsequently, J. David Smith (plaintiff) was appointed as successor guardian. Smith sued the Bank to recover the trust money. The trial court granted summary judgment to the Bank. The court of appeals reversed and remanded to the trial court in order to determine whether the bank was a holder in due course. The case was subsequently appealed to the Supreme Court of Washington.
Rule of Law
Holding and Reasoning (Boudin, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.
Here's why 222,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 14,100 briefs, keyed to 189 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.