Flatiron Linen, Inc. v. First American State Bank

In this case, we granted certiorari to address questions related to the legal status of a cashier's check under Articles 3 and 4 of the Uniform Commercial Code (U.C.C.). Specifically, we address the issue of whether an obligated bank that accepts an endorsed personal check on the account of one of its customers and issues a cashier's check in the same amount can later refuse to honor that cashier's check on the basis that its customer had previously placed a stop payment order on the check and its employee, the cashier, failed to notice the stop payment order on the computer records. In the…