Legal Opinion
Putnam Rolling Ladder Co. v. Manufacturers Hanover Trust Co.
New York Court of Appeals
Decided October 19, 1989PublishedCited by 67 opinions
1Opinion of the Court
OPINION OF THE COURT
Kaye, J.
This dispute concerns whether plaintiff customer or defendant bank should bear the loss for a series of checks forged by plaintiff’s bookkeeper and cashed by the bank. The result turns on the Uniform Commercial Code provisions for allocating the burden of proof of due care between a bank and its customer when each charges the other with negligence.
In December 1979, Putnam Rolling Ladder Company opened a checking account with Manufacturers Hanover Trust Company (MHT). Between February and December 1980, MHT paid out a total of 37 checks, amounting to $48,094, over…
2Cases cited4 opinions
- Board of Education v. Sargent, Webster, Crenshaw & FolleyNew York Court of Appeals · 1987
- Hartford Accident & Indemnity Co. v. American Express Co.New York Court of Appeals · 1989
- Five Towns College v. CitibankAppellate Division of the Supreme Court of the State of New York · 1985
- United States Fidelity & Guaranty Co. v. Federal Reserve Bank of New YorkDistrict Court, S.D. New York · 1985
3Cited by67 opinions
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- Southwest Bank v. Information Support Concepts, Inc.Texas Supreme Court · 2004
- British International Insurance Company Limited v. Seguros La Republica, S.A.Court of Appeals for the Second Circuit · 2003
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