Legal Opinion
Pavex, Inc. v. York Federal Savings & Loan Ass'n
Superior Court of Pennsylvania
Decided July 31, 1998PublishedCited by 21 opinions
1Opinion of the Court
FORD ELLIOTT, Judge:
In this appeal and cross-appeal, we address an issue of first impression in Pennsylvania; namely, whether the fictitious payee defense asserted by a bank pursuant to 13 Pa.C.S.A. § 3405(a)(3) of the Uniform Commercial Code (“UCC”) constitutes an absolute defense, or whether the bank must have acted in good faith to assert the defense. We also address cross-appellant Pavex’s claim that the trial court erred when it precluded Pavex from introducing evidence of damages in the form of counsel fees, accounting fees, administrative expenses and expert witness fees. After a…
2Cases cited14 opinions
- Simmons v. Pacor, Inc.Supreme Court of Pennsylvania · 1996
- McAdam v. Dean Witter Reynolds, Inc.Court of Appeals for the Third Circuit · 1990
- Wenrick v. Schloemann-Siemag AktiengesellschaftSupreme Court of Pennsylvania · 1989
- Perini Corporation and Brown Brothers, Harriman and Company, Plaintiffs v. The First National Bank of Habersham County, Georgia, the Fulton National Bank of Atlanta, Georgia and Morgan Guaranty Trust Company of New York, New York, Perini Corporation and Brown Brothers, Harriman and Company, Plaintiffs v. The First National Bank of Habersham County, Georgia, and the Fulton National Bank of Atlanta, GeorgiaCourt of Appeals for the First Circuit · 1977
- British Caledonian Airways Limited v. First State Bank of Bedford, TexasCourt of Appeals for the First Circuit · 1987
9 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Superior Precast, Inc. v. Safeco Ins. Co. of AmericaDistrict Court, E.D. Pennsylvania · 1999
- Bank of America, N.A. v. Prestige Imports, Inc.Massachusetts Appeals Court · 2009
- Nisenzon v. Morgan Stanley DW, Inc.District Court, E.D. Pennsylvania · 2008
- Eastern Steel Const. v. International FidelitySuperior Court of Pennsylvania · 2022
- City of Philadelphia Water Revenue Bureau v. Towanda Properties, Inc.Commonwealth Court of Pennsylvania · 2009
16 more not listed; retrieve them via the Exa API.