Matson Intermodal System, Inc. v. Kubis Enterprises, Ltd.

HAPPAS, J.S.C.

The issue presented to the court is whether a check made payable to two payees, whose names appear on the cheek in vertical alignment separated by the symbol “c/o” is negotiable *107individually by the first named payee; jointly, thus, requiring the endorsement of both the named payees; or alternatively, requiring the endorsement of any one of the named payees. All of the cheeks in issue were endorsed by the second named payee and paid by the payor bank. Plaintiff, the first named payee on the checks, instituted a cause of action for conversion against the payor bank.

The resolution…