Phoenix Die Casting Co. v. Manufacturers & Traders Trust Co.

Appellant Manufacturers and Traders Trust Company (called “ Manufacturers ”) appeals from a denial of its motion for summary judgment dismissing the complaint and from a denial of its motion for summary judgment in the third-party action brought by it against Buffalo Savings Bank (called “ Buffalo ”). Appellant Buffalo appeals from the same order insofar as it denies its motion for summary judgment dismissing the third-party complaint.

The parties substantially agree as to the facts but disagree as to their legal effect. Briefly stated, plaintiff alleges that a check was drawn on its account…