Legal Opinion
Roy Supply, Inc. v. Wells Fargo Bank
California Court of Appeal
Decided October 26, 1995No. C017141PublishedCited by 38 opinions
1Opinion of the Court
Opinion
SPARKS, Acting P. J.
In this case we consider whether corporate depositors may pursue causes of action against their bank for the negligent payment of forged checks when they failed to discover and report the forgeries to the bank in a timely manner. We hold that the statutory provisions of the California Uniform Commercial Code 1 preclude the depositors from asserting the forged checks against the bank and this preclusion is fatal to their claims for the negligent payment of forged checks not timely reported to the bank.
Plaintiffs Roy Supply, Inc. (Roy Supply), R.M.R. Drywall, Inc.…
2Cases cited25 opinions
- People v. NewlandCalifornia Supreme Court · 1940
- In Re Marriage of ArceneauxCalifornia Supreme Court · 1990
- Sun'n Sand, Inc. v. United California BankCalifornia Supreme Court · 1978
- Minton v. CavaneyCalifornia Supreme Court · 1961
- Bullis v. Security Pacific National BankCalifornia Supreme Court · 1978
20 more not listed; retrieve them via the Exa API.
3Cited by38 opinions
- Software Design & Application, Ltd. v. Hoefer & Arnett, Inc.California Court of Appeal · 1996
- Chazen v. Centennial BankCalifornia Court of Appeal · 1998
- Hughes Electronics Corp. v. Citibank DelawareCalifornia Court of Appeal · 2004
- Volpe v. Fleet National BankSupreme Court of Rhode Island · 1998
- Edward Fineman Co. v. Superior Court of L.A. Cty.California Court of Appeal · 1998
33 more not listed; retrieve them via the Exa API.