Psak, Graziano, Piasecki & Whitelaw v. Fleet National Bank

The opinion of the court was delivered by

PARRILLO, J.A.D.

Defendants Fleet National Bank (Fleet)1 and GE Capital Mortgage Services (GE Capital)2 appeal from a Special Civil Part judgment in favor of plaintiff law firm, Psak, Graziano, Piaseeki & Whitelaw, in the amount of $6203, on the basis that plaintiffs action on a negotiable instrument was barred by the three-year statute of limitations of the Uniform Commercial Code (UCC), N.J.S.A. 12A:4-111. For reasons that follow, we reverse.

The facts are uncomplicated. In October 1998, plaintiff, acting as a settlement agent in a real estate…