Nationsbank, N.a. F/k/a Ncnb National Bank, Petitioner v. Harry Dilling, Respondent

Summary

The Texas Supreme Court held that NationsBank is not vicariously liable for the fraudulent actions of its teller because the teller lacked actual or apparent authority, and that the bank owes no duty to a non‑customer third‑party investor under a negligent‑hiring theory. Accordingly, the Court reversed the Court of Appeals and entered judgment for NationsBank.