Liberty National Bank & Trust Co. v. General Motors Acceptance Corp.

Order unanimously affirmed, with costs. Memorandum: To facilitate payment to car dealers of the amounts of retail installment contracts made by car purchasers, defendant prepared and supplied participating dealers with form drafts. The form named defendant as drawee, payable through Marine Midland Bank — Western. The payee was to be a bank, with the name of the intended bank left blank. The drawer was a dealer, with the name of the particular dealer being left blank. Also left blank were the date, the draft number and the amount of the draft. Immediately beneath the line reserved for the…