Legal Opinion
First National City Bank v. American Broadcasting Co.
New York Supreme Court
Decided December 14, 1971PublishedCited by 5 opinions
1Opinion of the CourtNathaniel T. Helman, J.
The action is brought by First Natipnal City Bank (Citibank) as the issuer of'certain travelers’ checks, against American Broadcasting Company, Inc. (ABC), as a selling agent for the face value of the checks, together with commissions. The checks were issued in blank, signed by plaintiff, with authority to sell the checks, retain a portion of the commission, and remit the balance to plaintiff. Sometime in December, 1967 numerous checks were presented to Citibank and paid, although no funds had been remitted to the bank for their sale. Investigation revealed that some $29,000 worth of the…
2Cases cited5 opinions
- Dalton v. Hamilton Hotel Operating Co., Inc.New York Court of Appeals · 1926
- Castorina v. RosenNew York Court of Appeals · 1943
- American Express Co. v. Anadarko Bank & Trust Co.Supreme Court of Oklahoma · 1937
- Mellon Nat. Bank v. Citizens Bank & Trust Co. of CamdenCourt of Appeals for the Eighth Circuit · 1937
- First National City Bank v. Frederics-Helton Travel Service, Inc.New York Supreme Court · 1961
3Cited by5 opinions
- Lipschutz v. Gordon Jewelry CorporationDistrict Court, S.D. Texas · 1974
- Xanthopoulos v. Thomas Cook, Inc.District Court, S.D. New York · 1985
- Adam International Trading Ltd. v. Manufacturers Hanover Trust Co.Appellate Division of the Supreme Court of the State of New York · 1989
- Central School District No. 3 v. InsuranceAppellate Division of the Supreme Court of the State of New York · 1977
- Savemart, Inc. v. Bowery Savings BankCivil Court of the City of New York · 1982