Cameo State Bank mistakenly believed that a credit life insurance policy had paid an $8,000 note it
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Cameo State Bank mistakenly believed that a credit life insurance policy had paid an $8,000 note it held. Consequently, it marked it “paid” and returned it to the heirs of the deceased maker. Having discovered the mistake, the bank now asks the court to void the release and enforce the note against the estate. Will the bank be able to recover the amount due from the estate? Why or why not? (Cameron State Bank v. Sloan, 559 S.W.2d 564)
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