Legal Opinion
Seaman Corp. v. Binghamton Savings Bank
Appellate Division of the Supreme Court of the State of New York
Decided June 13, 1996PublishedCited by 3 opinions
1Opinion of the Court
OPINION OF THE COURT
Yesawich Jr., J.
Pursuant to a "joint check and payment agreement” entered into by defendant IBM Endicott / Owego Employees Federal Credit Union (hereinafter IBM-CU), plaintiff and Prodec Roofing & Insulation Systems, IBM-CU issued its own check in the amount of $36,629.80 payable to plaintiff and Prodec, as joint payees, for roofing work. Prodec endorsed the check and presented it to defendant Binghamton Savings Bank (hereinafter BSB) for payment on October 17, 1989. Notwithstanding the lack of plaintiff’s endorsement, BSB accepted the check, deposited the funds into an…
2Cases cited6 opinions
- Putnam Rolling Ladder Co. v. Manufacturers Hanover Trust Co.New York Court of Appeals · 1989
- National Surety Co. v. President & Directors of the Manhattan Co.New York Court of Appeals · 1929
- Federal Insurance v. Groveland State BankNew York Court of Appeals · 1975
- Frederic A. Potts & Co. v. Lafayette National BankNew York Court of Appeals · 1935
- C. H. Sanders Construction Co. v. Bankers Trust Co.Appellate Division of the Supreme Court of the State of New York · 1986
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3Cited by3 opinions
- Seaman Corp. v. Binghamton Savings BankAppellate Division of the Supreme Court of the State of New York · 1997
- AOD Federal Credit Union v. State FarmCourt of Civil Appeals of Alabama · 2005
- Travelers Casualty & Surety Co. v. Washington Trust BankDistrict Court, E.D. Washington · 2015