The Bank/First Citizens Bank v. Citizens and Associates, et al. - Concurring/Dissenting

I concur in so much of the majority opinion as holds that Citizens is precluded from raising an issue on appeal as to the dismissal of First Tennessee Bank. I disagree, however, with the majority’s conclusion that the facts do not preponderate against the trial court’s finding that Citizens was 80% at fault for the loss occasioned by Frieda Gray’s forgery. In my judgment, Citizens did not engage in negligent conduct that substantially contributed to the forgery, as that concept is embodied in T.C.A. § 47-3-406. Accordingly, I would hold that the Bank, who was clearly negligent in allowing checks made payable to a business to be deposited directly into an individual’s bank account, was 100% at fault for the loss.