Estate of Hollywood v. First National Bank of Palmerton

OPINION BY

JOHNSON, J.:

¶ 1 In this appeal, we consider whether the limitations periods established under Uniform Commercial Code (UCC) sections 3-118(g) and 4-406(f) apply mechanically to bar actions for conversion and related claims without regard to the alleged incapacity of the aggrieved party when the alleged conversion occurred. Plaintiff James C. Hollywood, Administrator of the Estate of Cletus J. Hollywood (the Estate), contends that mechanical application is neither required nor appropriate under such circumstances, and that the limitations periods should be tolled by the “discovery…