ÿWPCk  …# VU:a %› 0@¡w@á4! 5 0„D 0DÈ  n­ ¿ ¿ 0JÇ 0T 0^e 0hà 0r+ 0| 0† 0Ÿ 1u/U,¤ 0dÐ B4U,QU6} D3³B)æDC 0@R AM’U*ßD $M„qqõfv~uvÓó AOÆÆ 0DÛ D/ BN ˜HP LaserJet 4Si/4SiMX PS 600dpiPSCRIPTÀÌÀääÀÀÌ0 <Ô6X9`+"Courier 10cpiX(ù$¡¡Ó  ÓÓ  Ó ÑDÒÓgÔgÕDÖg×gØÙÚÓ€©U!UÔPÕ3|xå(4(3DX$¤¤Ý ƒù!ÝÓ  ÓÓ  ÓÝ  Ýà  àòòÚ  Ú0Ú  Úóó(#Ã$òòÚ  Ú0Ú  ÚóóH«<þ6X9`("Courier 10cpiXXxþ6X@É“8Ç;X@2 ÿÿ0Indent1Ô2ÔÔ3  Ô2" ÿÿ0Indent2à0 àÔ2ÔÔ3  Ô2, ÿÿ0Indent3à0 àà0 àÔ2ÔÔ3  Ô26 ÿÿ0Indent4à0 àà0 àà0 àÔ2ÔÔ3  Ô2@ ÿÿ0Indent5à0 àà0 àà0 àà0 àÔ2ÔÔ3  Ô2J ÿÿ0Indent6à0 àà0 àà0 àà0 àà0 àÔ2ÔÔ3  Ô2T ÿÿ0Indent7à0 àà0 àà0 àà0 àà0 àà0 àÔ2ÔÔ3  Ô2^ ÿÿ0Indent8à0 àà0 àà0 àà0 àà0 àà0 àà0 àÔ2ÔÔ3  Ô ÿÿ?AGMSYaioIndent0I.A.1.a.(1)(a)i)a)< Œ 9p`(ModernP ÿÿ8Mac DefaultMac DefaultÓ ` °šXÓ d< Œ 9p`(Monaco< Œ 9p`(Courier New&&&&'ÿÿdxd% Line 7 d++++7Border 1dd("ÿÿ$££Ò  ÒÒ  Ò€-,Cþÿ << Gÿÿ< Œ 9p`(Arial :Ý ƒ!ÝÑ  ÑÑ#€d#ÑÔ€ÔÔ€)ÔÓ  ÓÓ  ÓÝ  ÝÔ€/ÔÔ€/ÔÓ  ÓÔ YYY ÔFILEDÔ€/XÔÌÌò òAugust€16,€1996ÌÌCecil€Crowson,€Jr.ÌÔ€/ôÔAppellate€Court€Clerkó ó Ý ƒ!ÝÑ#€d#ÑÔ€ÔÔ€)ÔÓ  ÓÓ  ÓÝ  ÝÝ ƒ $Ýà àòòÚ  ÚÚ  ÚóóÝ  ÝòòThese€documents€were€simply€filed€with€the€clerk€and€no€court€actionÏwas€taken€on€them.óóÌ zÝ ƒ!ÝÑ#€d#ÑÔ€ÔÔ€)ÔÓ  ÓÓ  ÓÝ  ÝÝ ƒ $Ýà àòòÚ  ÚÚ  ÚóóÝ  ÝòòNone€of€the€documents€referred€to€bear€a€stamp€from€the€clerk's€officeÏshowing€exactly€when€they€were€filed.€€The€parties€agree,€however,€that€theÏdocuments€were€filed€with€the€clerk.óóÌ gÝ ƒ!ÝÑ#€d#ÑÔ€ÔÔ€)ÔÓ  ÓÓ  ÓÝ  ÝÝ ƒ $Ýà àòòÚ  ÚÚ  ÚóóÝ  ÝòòAccording€to€the€testimony€of€Ms.€Grahl,€the€balance€in€the€checkingÏaccount€at€the€time€of€Mr.€Davis's€death€was€transferred€to€Ms.€Davis'sÏconservatorship€estate.óóÌ Ý ƒ!ÝÑ#€d#ÑÔ€ÔÔ€)ÔÓ  ÓÓ  ÓÝ  ÝÝ ƒ $Ýà àòòÚ  ÚÚ  ÚóóÝ  ÝòòApparently,€the€expenditures€are€not€questioned€by€the€appellants.óóÌPtPtHHÚ(ÿáÿâùFG(üHHØ(d'`Styl{WP}01•ÃÃÃÃÃÃÃÃÃÃÃÃÃÃÃÃÃÃà Ãà Ãà Ãà Ãà ÃÃÃÃÃÃÃÃÃÃÃÐ ÐÐHHÐÐ  ÐÐ2ÐÐÿÿ¸æ$ÿÐÐHHÐÐÐÐÐÐÐÐ  ÐÐ ÐÐ ÐÑÑÑGenevaÑÑ ÑÑ € ÑÑ<Px–ÈÑÒÒÒ443!#4ÒÒ$ *$ÒÒ$*$ÒÒ ÿKK ÒÒ  Geneva ÒÒ  Geneva ÒÓ.,ÓÓÓÓ6ÓÓ ÓßßßßßßßßßßßßßßßßßßÑMonacoÑÑ ÑÒ  BA Op Monaco ÒÒ  BA Op Monaco Ò€-‚ƒCþÿ<< CÿÿƒLevel 1Level 2Level 3Level 4Level 5($$””ò òÚ  Ú1Ú  Úó ó„„'÷ÿ dxdüÿP PdÝ ƒ!ÝÔ . ÔÔ€ÔÓ&€((X„d&ÓÑ#€((Xd#ÑÔ€)ÔÓ  ÓÓ  ÓÝ  ÝÑ ä ÑÑ  ÑÑ\R AØ'\ÑÑ  ÑÑ  ÑÑ\R AØ'\ÑÑ7€9XXdÈdÈ7ÑÙ€€ÙßL€.0,;+'h|` ¤ `€€Lß›à@ àIN€THE€COURT€OF€APPEALSÌÌÌÌÌÌÌÌGENEVA€GRAHL,€€€€€€€€€€€€€€€€€€€)à àBLOUNT€CIRCUITÌ€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)à àC.A.€NO.€03A01„9603„CV„00087Ì€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)Ì€€€€€€€€€€Plaintiff„Appellee€€€€)Ì€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)Ì€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)Ì€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)Ì€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)Ì€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)Ìvs.€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)à àHON.€W.€DALE€YOUNGÌ€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)à àJUDGEÌ€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)Ì€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)Ì€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)Ì€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)Ì€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)ÌLILLIE€DAVIS€€€€€€€€€€€€€€€€€€€€)à àREVERSED€AND€REMANDEDÌ€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)€€WITH€INSTRUCTIONSÌGREGORY€SCOTT€JUDKINS€and€€€€€€€)ÌJEFFREY€TODD€JUDKINS,€€€€€€€€€€€)Ì€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)Ì€€€€€€€€€€Defendant„Appellants€€)ÌÌÌÌÌNORMAN€H.€NEWTON€and€DUNCAN€V.€CRAWFORD,€Crawford,€Crawford€&ÏNewton,€Maryville,€for€appellants.ÌÌÌDAVID€R.€DUGGAN€and€J.€MICHAEL€GARNER,€Maryville,€for€Appellee.ÌÌÌÌÌÌÓÓà@ àòòO€P€I€N€I€O€NóóÌÌà€ àMcMurray,€J.ÌÌà àThe€parties€are€the€heirs€of€Ms.€Lillie€Davis.€€The€contro…versy€in€this€action€arises€from€the€action€of€the€trial€court€inÏapproving€a€final€accounting€by€the€appellee,€Geneva€Grahl,€in€herÏcapacity€as€conservator€of€the€estate€and€person€of€Ms.€Davis,€now€Ïdeceased.ÌÌà àThere€are€no€material€facts€in€dispute.€The€appellee,€Ms.ÏGrahl€was€the€duly€appointed€conservator€of€the€person€and€estateÏof€Lillie€Davis€prior€to€Ms.€Davis'€death.€At€the€time€of€theÏappointment€of€Ms.€Grahl€as€Conservator,€Mr.€Omer€B.€Davis,€hus…band€of€Lillie€Davis€was€still€living€and€mentally€competent.€€Mr.Ïand€Ms.€Davis€during€their€œlife€time›€held€certificates€of€depositÏand€bank€accounts€in€their€joint€names.€€The€certificates€œof›Ïœdeposit›€and€bank€accounts€lie€at€the€heart€of€this€controversy.ÌÌà àThe€parties€agree€that€the€appellee€filed€the€followingÏinformation€with€the€trial€court:€on€March€8,€1990,€an€inventoryÏshowing€total€assets€in€financial€institutions€of€$197,512.00;€onÏJune€19,€1990€a€[first]€annual€accounting€showing€total€assets€ofÏ$16,659.92;€and,€on€June€26,€1991,€a€[second]€annual€accountingÏwas€filed€showing€total€assets€of€$3,871.11.× ƒ1 ××  ×€€Ms.€Davis€died€onÏOctober€5,€1991,€and€the€appellee€was€appointed€and€qualified€asÏadministratrix€of€the€estate€of€Ms.€Davis.€€Sometime€in€November,Ï1991,€Ms.€Grahl€filed€a€motion€to€approve€a€final€accounting€andÍtransfer€of€the€remaining€assets€to€the€administratrix.× ƒ2 ××  ×€€OnÏNovember€20,€1991,€the€trial€court€approved€the€final€accountingÏby€the€conservator€and€termination€of€the€conservatorship€withoutÏnotice€to€the€appellants.€€On€December€17,€1991,€the€appellantsÏfiled€a€motion€under€Rules€52€and€59,€Tennessee€Rules€of€CivilÏProcedure,€asking€the€court's€previous€order€be€amended€or€alter…natively€asking€for€a€new€trial.€€The€trial€court€overruled€theÏmotion€and€the€œappellants›€appealed€that€decision€of€the€trialÏcourt.ÌÌà àThe€appeal€was€heard€before€this€court.€€The€trial€court€wasÏreversed€and€the€case€remanded€to€the€trial€court€for€a€new€trial.€ÏòòSeeóó€òòGeneva€Grahl€v.€Lillie€Davis,€et€alóó,€C.A.€No.€03A01„9207„CH„00250,€Opinion€filed€February€2,€1993.€€After€remand,€the€trialÏcourt€conducted€another€trial,€reached€the€same€result€and€enteredÍa€judgment€approving€the€accounting€and€transfer€of€assets€to€theÏestate€of€Lillie€Davis.€€It€is€from€this€judgment€that€the€appel…lant€has€sought€appellate€review.ÌÌà àThe€issues€of€the€appellants€generally€stated€are€that€theÏappellee€breached€her€fiduciary€duty€to€her€ward€by€allowing€OmerÏDavis,€the€ward's€husband,€to€extinguish€the€ward's€survivorshipÏinterest€in€the€certificates€of€deposit.€€They€further€charge€theÏcourt€with€error€in€failing€to€find€that€the€appellee€breached€herÏduty€as€attorney„in„fact€for€Omer€Davis€by€participating€in€theÏredemption€of€the€certificates€of€deposit.ÌÌà àAt€the€trial€it€was€established€by€the€testimony€that€Ms.ÏGrahl€received€thirty„one€thousand,€four€hundred€and€forty„fourÏdollars€and€fifty„one€cents€($31,444.51)€from€the€sale€of€theÏDavis€home.€€This€money€was€deposited€in€a€conservatorship€savingsÏaccount€and€a€conservatorship€checking€account.€€When€money€wasÍneeded,€the€conservator€would€transfer€monies€from€the€savingsÏaccount€to€the€checking€account.ÌÌà àAt€the€time€Ms.€Grahl€was€appointed€conservator€for€Ms.ÏDavis,€Mr.€and€Ms.€Davis€owned€three€certificates€of€deposit€and€aÏmoney€market€certificate.€€The€three€certificates€of€deposit€wereÏin€the€name€of€Omer€or€Lillie€Davis.€€The€money€market€certificateÏwas€in€the€name€of€Omer€Davis,€Trustee€for€Lillie€Davis.ÌÌà àOn€June€19,€the€conservator€filed€an€annual€accounting€withÏreflecting€itemized€expenditures€of€$24,034.94€leaving€a€balanceÏof€$16,659.92.€€She€further€reported€the€following:€€a€certificateÏof€Deposit€at€First€Tennessee€Bank€in€the€name€of€Omer€Davis€orÏGeneva€Davis€was€transferred€on€June€22,€1989€to€a€Certificate€ofÏDeposit€in€the€name€of€Omer€Davis€or€Geneva€Grahl;€a€second€Cer…tificate€of€Deposit€at€First€Tennessee€Bank€in€the€name€of€Omer€B.ÏDavis€or€Lillie€Davis€was€transferred€by€Omer€Davis€on€August€18,Í1989€to€a€certificate€of€deposit€in€the€name€of€Omer€Davis;€and€aÏchecking€account€in€the€name€of€Omer€B.€Davis,€Lillie€Davis,€orÏGeneva€Grahl€Ìhad€a€balance€of€$1,167.71,€and€that€after€a€checking€account€wasÏopened€for€Lillie€Davis,€Mr.€Davis€used€the€original€account€asÏhis€personal€account€until€his€death€on€December€20,€1989.× ƒ3 ××  ×Ô% € ÔÌÌà àThe€accounting€further€showed€that€the€money€marketÏœCertificate›€of€œdeposit›€at€First€Federal€Savings€and€Loan€in€theÏname€of€Omer€Davis,€Trustee€for€Ms.€Omer€Davis,€was€transferred€byÏOmer€Davis€to€a€Certificate€of€Deposit€in€the€name€of€Omer€DavisÏand€that€a€certificate€of€deposit€at€First€American€Bank€in€theÏname€of€Omer€Davis€or€Lillie€Davis€was€withdrawn€by€Omer€Davis€onÏJune€28,€1989€and€deposited€in€a€Certificate€of€Deposit€at€FirstÍFederal€Savings€and€Loan€in€the€name€of€Omer€B.€Davis€or€GenevaÏDavis.ÌÌœ›à àThe€second€accounting€filed€by€Ms.€Grahl€listed€itemizedÏexpenditures€for€Ms.€Davis€in€the€total€amount€of€$25,475,39,Ïleaving€a€balance€of€$3,871.11.€€The€final€accounting€again€con…tained€an€itemized€list€of€expenditures€and€a€final€balance€ofÏ$1,937.17€at€the€time€of€Ms.€Davis'€death.× ƒ4 ××  ×€Ìà àÌà àAll€the€above€transactions€relating€to€the€certificates€ofÏdeposit€took€place€after€Ms.€Grahl's€appointment€as€conservatorÏand€before€her€father's€death.€€The€undisputed€testimony€reflectedÏthat€the€transactions€were€carried€out€by€Mr.€Davis.ÌÌà àMr.€Davis€died€testate€on€December,€20,€1989.€€His€willÏprovided€as€follows:ÌÌà@ à*€€€€€*€€€€€*€€€€€*ÌÓÓà8 àà àI€hereby€give,€devise€and€bequeath€to€my€daughter,ÏGENEVA€GRAHL,€all€my€property,€of€whatever€nature,€orÏwherever€located€or€situated,€in€Trust,€for€the€use€andÏbenefit€of€my€dear€wife,€Lillie€Davis.€€The€entireÏproperty€is€to€be€used€for€the€best€interest€of€my€wife,Ïand€as€far€as€possible€in€the€same€way€and€manner€that€IÏwould€do€were€I€living.ÌÌà8 àà àThe€trust€shall€continue€for,€and€during€the€natu…ral€life€of€my€dear€wife,€Lillie€Davis,€or€as€long€asÏthere€are€any€assets€left€in€the€Trust.€€The€Trust€shallÏterminate€upon€the€happening€of€the€first€of€the€eventsÏmentioned€above.ÌÌà8 àà àIn€the€event€that€there€is€[sic]€any€assets€left€inÏthe€Trust€after€it€is€terminated€as€provided€above,€IÏgive,€bequeath€the€same€to€my€daughter,€GENEVA€GRAHL,€inÏits€entirety,€absolutely€and€in€fee€simple,€withoutÏcondition€or€limitation,€it€being€her€sole€discretion€toÏretain€all€of€the€assets€or€funds€as€hers,€or€to€makeÏany€gifts€of€them€which€she€may€choose.ÌÌà8 àà àI€make€this€provision€having€great€confidence€thatÏshe€will€care€for€my€dear€wife€in€the€same€way€andÏmanner€I€would€do€were€I€living.ÌÌà@ à*€€€€€*€€€€€*€€€€€*ÌÌÓÓà àIt€seems€eminently€clear€that€if€Mr.€Davis€had€the€lawfulÏauthority€to€transfer€the€certificates€of€deposit€from€the€joint€Ïnames€of€œhimself€and€his€wife€thereby€extinguishing€her€interest,Ïthe€accounting€should€be€approved€as€presented.€€The€assets€wouldÏbecome€the€property€of€Ms.€Grahl€through€Mr.€Davis'€will.€€On€theÏother€hand,€if€he€had€no€authority€to€do€so,€some€liability€mayÏattach€to€the€conservator€for€failure€to€protect€the€interests€ofÏher€ward€since€she€admitted€to€being€aware€of€each€of€the€transac…tions.€€Thus€it€becomes€incumbent€upon€us€to€examine€the€lawÏrelative€to€joint€accounts.ÌÌà àIt€is€well„settled€that€funds€held€in€a€joint€account€by€aÏhusband€and€wife€using€words€either€in€the€disjunctive€"or"€or€theÏconjunctive€"and"€are€presumed€to€create€a€tenancy€by€the€entiretyÏin€the€account.€€òòSeeóó€òòSloan€v.€Jonesóó,€241€S.W.2d€506€(Tenn.€1951)Ïand€€òòGriffin€v.€Princeóó,€632€S.W.2d€532€(Tenn.€1982).ÌÌà àIn€òòSloanóó,€the€Supreme€Court€of€Tennessee€followed€the€reason…ing€of€the€Pennsylvania€Supreme€Court€in€òòMadden€v.€Gosztonyi›€œSav›.Ï&€Trust€Coóó.,€31€Pa.€476,€200€A.€624.ÌÌÓÓà8 àà àThe€Supreme€Court€of€Pennsylvania€in€òòMadden€v.ÏœGosztonyi›€œSav›.€&€Trust€Coóó.,€331€Pa.€476,€200€A.€624,Ï630,€117€A.L.R.€904,€has€held€that€bank€deposits€payableÏto€the€husband€and€wife,€or€to€the€husband€or€wife,€areÏheld€by€them€as€tenants€by€the€entireties,€with€allÏincidents€thereof.€€Unity€of€control€in€the€case€ofÏdeposits€payable€to€either€being€found€in€the€implica…tion€of€authority€in€one€to€act€for€both.€€That€Court,Ïamong€other€things€said:€€"When,€on€the€other€hand,€anÏaccount€is€made€payable€in€its€creation€to€either€'hus…band€or€wife',€there€is€an€immediate€expression€ofÏauthority,€of€agency€to€act€for€both.€€As€an€incident€ofÏthese€estates€by€entireties€is€the€power€that€each€givesÏthe€other,€at€the€time€of€the€estate's€creation,€to€actÏfor€the€other."€€That€court€then€goes€on€and€cites€aÏnumber€of€other€cases€and€quotes€therefrom€to€supportÏthis€statement€and€concludes€as€follows:€€"òòWhere€aÏdeposit€is€made€payable€to€either€spouse,€agency€orÏauthority€exists€by€impli‚cation,€and€the€husband€or€theÏwife€may€withdraw€the€entire€account,€but€the€money€thusÏwithdrawn€is€impressed€with€the€entirety€provision€thatÏit€is€the€property€of€both,€and€any€one€dealing€withÏsuch€specific€property€as€severalty,€knowing€that€itÏbelongs€to€both,€must€submit€to€the€œconsequencesóó."›€Ï(Emphasis€added).ÌÌà@ à*€€€€€*€€€€€*€€€€€*ÌÌà8 àà àWe€have€considered€these€cases€pro€and€con€andÏagree€with€the€reasoning€of€the€Pennsylvania€case€aboveÏquoted€...€.ÌœÌòòSloanóó,€at€pages€508„509.›ÌÓÓÌà àIn€òòSloanóó,€the€controversy€was€between€the€heirs€of€a€deceasedÏwife€and€the€administrator€of€her€deceased€husband€over€a€fundÏwhich€was€deposited€in€the€name€of€"Joe€œTatum›€or€wife."€€In€itsÏfinal€analysis€the€òòSloanóó€Court€held€that€the€property€passed€toÏthe€survivor€on€the€death€of€the€first€by€reason€of€the€tenancy€byÏthe€entirety€and€that€the€laws€of€descent€and€distribution€did€notÏapply.€€This€ruling€taken€in€conjunction€with€the€rule€emphasizedÏin€òòMaddenóó€as€set€out€above€leads€us€to€only€one€conclusion,€i.e.,Ïwhen€the€funds€in€the€instant€case€were€withdrawn€by€Mr.€DavisÏthereby€extinguishing€the€joint€accounts,€both€the€conservator€andÏMr.€Davis€were€chargeable€with€knowledge€that€the€funds€investedÏin€the€new€certificates€still€belonged€to€Mr.€and€Ms.€Davis€asÏtenants€by€the€entirety.€€Further,€in€òòGriffin€v.€Princeóó,€632ÍS.W.2d€532€(Tenn.€1982),€the€court€citing€òòSloanóó€and€other€authori…ties€stated:ÌÌÓÓà8 àà àThere€is€abundant€authority€in€this€state€that€theÏuse€of€the€word€"or"€between€the€names€of€spouses€on€aÏbank€account€or€negotiable€instrument€does€not€precludeÏtheir€ownership€of€the€asset€by€the€entirety€and€thatÏjoint€property€of€spouses€will€be€deemed€to€be€so€heldÏin€Ô&  Ôthe€absence€of€proof€to€the€contrary.ÌÌòòGriffinóó,€at€p.€536.ÌÔ'  ÔÌÓÓÌà àIn€this€case,€the€record€is€totally€devoid€of€any€evidenceÏthat€the€joint€property€of€Mr.€and€Ms.€Davis€was€intended€to€beÏanything€other€than€a€tenancy€by€the€entirety.ÌÌà àThe€appellees€rely€upon€the€case€of€òòMays€v.€Brighton€Bankóó,Ï832€S.W.2d€347€(Tenn.€App.€1992)€as€authority€to€the€contrary.€€WeÏare€of€the€opinion€that€œappellee's›€reliance€upon€òòMaysóó€is€mis…placed.€€Firstly,€we€note€that€òòSloanóó€has€never€been€overruled€orÏmodified€by€our€Supreme€Court€nor€has€it€been€statutorily€altered.€ÍSecondly,€the€Court€of€Appeals€as€an€intermediate€appellate€courtÏis€bound€by€the€doctrine€of€òòstare€decisisóó€and€is€bound€to€followÏthe€dictates€of€the€Supreme€Court.€€In€any€event,€òòMaysóó€is€distin…guishable€on€its€facts.ÌÌà àIn€òòMaysóó,€neither€of€the€parties€was€deceased.€€The€husbandÏborrowed€money€from€the€bank€to€purchase€a€trailer.€€The€bankÏdeposited€the€proceeds€of€the€loan€into€the€Mays'€joint€bankÏaccount.€€Ms.€Mays€withdrew€the€funds,€purchased€a€trailer€andÏreceived€a€"certificate€of€origin"€assigning€ownership€of€theÏtrailer€to€her.€€No€liens€were€recorded€on€the€certificate.€€TheÏissue€before€the€court€was€whether€the€bank€had€a€valid€securityÏinterest€in€the€trailer.€€The€court€determined€that€the€bank€didÏhave€a€security€interest€in€the€trailer,€however,€the€issue€turnedÏon€a€question€of€agency.€€The€court€found€that€Ms.€Mays€was€actingÏas€agent€for€Mr.€Mays€in€purchasing€the€trailer€and€he,€therefore,Íacquired€an€interest€in€the€trailer€sufficient€to€support€theÏbank's€purchase€money€security€interest€in€the€property.ÌÌà àAdmittedly,€the€òòMaysóó€court€agreed€that€the€position€which€hasÏbeen€adopted€by€the€Arkansas€Courts€as€the€better€view:ÌÌÓÓà8 àà àAn€estate€by€the€entireties€in€a€bank€accountÏdiffers€in€one€significant€aspect€from€such€an€estate€inÏreal€property€in€that€the€estate€exists€in€the€accountÏonly€until€one€of€the€tenants€withdraws€such€funds€orÏdies€leaving€a€balance€in€the€account.€€Funds€withdrawnÏor€otherwise€diverted€from€the€account€by€one€of€theÏtenants€is€reduced€to€that€tenant's€separate€possessionÏceases€to€be€a€part€of€the€estate€by€the€entireties.€Ï(Citations€omitted€in€the€original).€€òòThis€does€not€meanÏthat€in€a€proper€case€under€timely€allegations€of€fraudÏor€other€such€remedy,€that€one€of€the€cotenants€couldÏnot€sustain€an€action€to€recover€all€or€a€part€of€theÏfunds€diverted€or€withdrawn€by€the€œotheróó.›€€òòMcIntyre€v.ÏEstate€of€McIntyreóó,€267€Ark.€169,€590€S.W.2d€241€(1979).€Ï(Emphasis€added).ÌÌÓÓÌà àEven€if€we€were€to€accept€òòMaysóó€as€controlling€authority€inÏthis€case,€it€would€appear€to€have€been€incumbent€upon€the€conser…vator€in€her€fiduciary€capacity€to€challenge€the€actions€of€theÏcotenant€since€she€stood€in€the€shoes€of€Ms.€Davis€and€was€under€aÏduty€to€protect€Ms.€Davis'€assets.€€This€she€did€not€do.ÌÌà àWe€are€of€the€opinion€that€the€certificates€of€deposit€pur…chased€by€Mr.€Davis€with€funds€from€the€joint€accounts€of€Mr.€andÏMs.€Davis€remained€œproperty€owned€by€them€as€tenants€by€the€en…tirety,›€notwithstanding€that€her€name€did€not€appear€on€the€in…struments.€€Further,€the€money€market€certificate€that€was€held€byÏMr.€Davis€as€trustee€for€Ms.€Davis€was€clearly€not€the€property€ofÏMr.€Davis€but€that€of€Ms.€Davis€absent€evidence€to€the€contrary.€ÏThere€is€none€in€the€record.€€As€trustee,€he€was€under€a€duty€toÏaccount€for€the€funds€to€Ms.€Grahl€as€conservator€of€the€personÏand€estate€of€Ms.€Davis.€€She€was€aware€that€he€had€transferredÏthe€funds€to€his€own€name,€yet€took€no€action€to€protect€Ms.ÏDavis'€interest.ÌÌà àWe€are€of€the€opinion€that€there€is€merit€in€the€first€issueÏpresented€by€the€appellants.€€The€second€issue,€however,€was€notÏraised€in€the€trial€court€and€will€not€be€considered€on€appeal.€ÏIt€is€a€well„established€law€than€an€appellate€court€will€notÏconsider€an€issue€which€is€raised€for€the€first€time€in€the€appel…late€court.€€òòLawrence€v.€Stanfordóó,€655€S.W.2d€927€(Tenn.€1983).€ÏIn€any€event€the€second€issue€is€now€moot.ÌÌà àThe€appellee€has€filed€a€multiplicity€of€issues€relating€toÏestoppel€and€waiver.€€Again,€we€find€that€these€issues€were€notÏraised€in€the€trial€court€and€will€not€be€considered€here.€€In€anyÏevent,€it€appears€that€all€of€the€issues€raised€have€been€answeredÏeither€in€the€earlier€appeal€or€in€our€disposition€of€the€œappel…lants'›€first€issue.ÌÌà àWe€are€of€the€opinion€that€the€judgment€of€the€trial€courtÏapproving€the€final€accounting€of€the€conservator€must€be€re…versed.€Accordingly,€we€reverse€the€judgment€of€the€trial€courtÏand€remand€the€case€to€the€trial€court€for€a€new€final€accountingÏand€for€such€other€and€further€action,€including€the€taking€ofÏadditional€proof,€as€may€be€necessary€to€establish€a€correct€finalÏaccounting€and€protect€the€rights€of€the€parties.€€Such€furtherÏaction€shall€be€consistent€with€this€opinion.€€Costs€are€taxed€toÏthe€appellee.ÌÌÌÓÓà€ à______________________________Ì€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€Don€T.€McMurray,€J.ÌÌÌÌCONCUR:ÌÌÌ___________________________________ÌHouston€M.€Goddard,€Presiding€JudgeÌÌÌ___________________________________ÌCharles€D.€Susano,€Jr.,€J.ÌœÇÑ  ÑÑ7€%ÎXXdÈXXdÈ7Ñà@ àIN€THE€COURT€OF€APPEALSÌÌÌÌÌÌGENEVA€GRAHL,€€€€€€€€€€€€€€€€€€€)à àBLOUNT€CIRCUITÌ€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)à àC.A.€NO.€03A01„9603„CV„00087Ì€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)Ì€€€€€€€€€€Plaintiff„Appellee€€€€)Ì€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)Ì€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)Ì€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)Ì€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)Ìvs.€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)à àHON.€W.€DALE€YOUNGÌ€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)à àJUDGEÌ€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)Ì€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)Ì€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)Ì€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)ÌLILLIE€DAVIS€€€€€€€€€€€€€€€€€€€€)à àREVERSED€AND€REMANDEDÌ€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)€€WITH€INSTRUCTIONSÌGREGORY€SCOTT€JUDKINS€and€€€€€€€)ÌJEFFREY€TODD€JUDKINS,€€€€€€€€€€€)Ì€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€)Ì€€€€€€€€€€Defendant„Appellants€€)ÌÌÌà@ àò òòòORDERóóó óÌÌÌÓÓà àThis€appeal€came€on€to€be€heard€upon€the€record€from€theÏCircuit€Court€of€Blount€County,€briefs€and€argument€of€counsel.€ÍUpon€consideration€thereof,€this€Court€is€of€the€opinion€thatÏthere€was€reversible€error€in€the€trial€court.Ìà àAccordingly,€we€reverse€the€judgment€of€the€trial€court€andÏremand€the€case€to€the€trial€court€for€a€new€final€accounting€andÏfor€such€other€and€further€action,€including€the€taking€of€addi…tional€proof,€as€may€be€necessary€to€establish€a€correct€finalÏaccounting€and€protect€the€rights€of€the€parties.€€Such€furtherÏaction€shall€be€consistent€with€this€opinion.€€Costs€are€taxed€toÏthe€appellee.ÌÌ€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€€PER€CURIAMÌ›