Legal Opinion
Yahn & McDonnell, Inc. v. Farmers Bank
District Court, D. Delaware
Decided April 23, 1982No. Civ. A. No. 78-361PublishedCited by 2 opinions
1Opinion of the Court
OPINION
STEEL, Senior District Judge:
Plaintiff, Yahn & McDonnell, is the holder of a negotiable certificate of deposit (CD), No. 4681, in the amount of $150,000, issued on July 12, 1976 by the defendant Farmers Bank of Delaware with maturity dated October 12, 1976. The CD is payable to the order of “Insurance Company of North America for Account of Delaware Candy and Tobacco Service” and on June 16,1978, it was endorsed by Insurance Company of North America (“INA”) to the order of plaintiff. On or about June 23, 1978, plaintiff presented the CD to defendant for payment. It was refused and the…
2Cases cited4 opinions
- Easley v. East Tennessee National BankTennessee Supreme Court · 1917
- Grooms v. RiceSupreme Court of Colorado · 1967
- Trudeau v. LussierSupreme Court of Vermont · 1963
- Jefferson Trust & Savings Bank of Peoria v. W. Heller & Son, Inc.Appellate Court of Illinois · 1940
3Cited by2 opinions
- Yahn & McDonnell Inc., a Pennsylvania Corporation v. Farmers Bank of the State of Delaware, a Delaware Corporation Delaware Retail Stores, Inc. Insurance Company of North America Delaware Candy & Tobacco Service, a Joint Venture and Paul E. Kessler, M. Binder & Company, and Delmar Merchandise Sales Co., Joint Venturers v. John M. Gray, David Cohen, Fourth Party Appeal of Yahn & McDonnell IncCourt of Appeals for the Third Circuit · 1983
- Yahn & McDonnell, Inc. v. Farmers Bank of DelawareCourt of Appeals for the Third Circuit · 1983