G & R Corporation, a Delaware Corporation v. American Security & Trust Company, Max S. Kraft and Oscar Margulies

TAMM, Circuit Judge:

Plaintiff-appellee brought this action in the District Court for the District of Columbia to recover funds diverted by-appellant from a joint venture account. Federal District Judge Howard F. Corcoran found that appellant had wrongfully applied the funds and entered judgment for appellee in the amount of $132,605.19 plus interest. On appeal, appellant argued that appellee had ratified any unauthorized diversion, that the District of Columbia Uniform Commercial Code (hereinafter U.C.C.) barred suit for certain of the monies, and that the trial court had improperly computed…