Legal Opinion

MADISON PARK BK. v. Field

Appellate Court of Illinois

Decided October 18, 1978No. 78-156PublishedCited by 22 opinions

1Opinion of the CourtJustice Scott

On April 11, 1972, Michael L. Field and Richard M. Shure opened a checking account in the Madison Park Bank in the name of Fieldmoor Associates, a partnership. Fieldmoor Associates was owned by seven partners and on the day the checking account was opened written instructions were given to the bank that one signature only was required on checks up to *500 but two signatures were required on checks over *500.

On February 27, 1974, the bank accepted for payment a check in the amount of *9,000 payable to Michael L. Field & Co., dated February 23, 1974, drawn on the Fieldmoor account and signed by Michael…

2Cases cited10 opinions

  1. G & R Corporation, a Delaware Corporation v. American Security & Trust Company, Max S. Kraft and Oscar MarguliesCourt of Appeals for the D.C. Circuit · 1975
  2. Central National Chicago Corp. v. Lumbermens Mutual Casualty Co.Appellate Court of Illinois · 1977
  3. Pine Bluff National Bank v. KestersonSupreme Court of Arkansas · 1975
  4. Wolfe v. University National BankCourt of Appeals of Maryland · 1973
  5. Kansas Quality Construction, Inc. v. ChiassonAppellate Court of Illinois · 1969

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3Cited by22 opinions

  1. Mutual Service Casualty Insurance Company, as Subrogee of Jo Daviess Services, Inc. v. Elizabeth State Bank, an Illinois State Chartered BankCourt of Appeals for the Seventh Circuit · 2001
  2. Montgomery Ward & Co. v. WetzelAppellate Court of Illinois · 1981
  3. Boyd v. United Farm Mutual Reinsurance Co.Appellate Court of Illinois · 1992
  4. Knight Communications, Inc. v. Boatmen's National Bank of St. LouisMissouri Court of Appeals · 1991
  5. McDowell v. Dallas Teachers Credit Union, Texas Court of Appeals, 5th District (Dallas)1989

17 more not listed; retrieve them via the Exa API.

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