Legal Opinion
State Bank of Kenmore v. Hanover Insurance
New York Supreme Court
Decided April 14, 1965PublishedCited by 4 opinions
1Opinion of the CourtWilliam B. Lawless, J.
The plaintiff bank, as insured under a bankers’ blanket bond, and the defendant insurance company have submitted a controversy upon an agreed statement of facts pursuant to CPLR 3222.
On December 3, 1962 plaintiff lent C. Elias & Sons, Inc., hereafter referred to as the borrower, a sum of money in reliance upon the assignment of accounts receivable which the borrower represented to be valid accounts. On February 14, 1963 the plaintiff bank lent the same borrower an additional sum of money relying for security on the previously assigned accounts receivable.
Subsequently, the plaintiff learned…
2Cases cited6 opinions
- Bird v. St. Paul Fire & Marine InsuranceNew York Court of Appeals · 1918
- Harris v. Allstate InsuranceNew York Court of Appeals · 1955
- The Exchange National Bank of Olean v. Insurance Company of North AmericaCourt of Appeals for the Second Circuit · 1965
- Fidelity Trust Company v. American Surety Company of New York and Hartford Accident and Indemnity CompanyCourt of Appeals for the Third Circuit · 1959
- The First National Bank of South Carolina of Columbia v. Glens Falls Insurance CompanyCourt of Appeals for the First Circuit · 1962
1 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Maryland Casualty Company v. State Bank & Trust CompanyCourt of Appeals for the Fifth Circuit · 1970
- French American Banking Corp. v. Flota Mercante Grancolombiana, S.A.District Court, S.D. New York · 1990
- Hinkson v. Fireman's Fund InsuranceCalifornia Court of Appeal · 1978
- William Iselin & Co. v. Fireman's Fund InsuranceAppellate Division of the Supreme Court of the State of New York · 1986