Steinroe Income Trust v. Continental Bank N.A.

After an unidentified culprit absconded with the proceeds of a check, plaintiff, as drawer of the check, sued defendant, the collecting bank, seeking to enforce the presentment warranties under sections 3—417(1)(a) and 4—207(1)(a) of the Illinois Uniform Commercial Code (Ill. Rev. Stat. 1989, ch. 26, pars. 3—417(1)(a), 4—207(1)(a)). The trial court entered summary judgment in favor of plaintiff and defendant appealed. We consider whether plaintiff, as drawer of the check, had standing to enforce the presentment warranties under sections 3—417(1)(a) and 4—207(1)(a).

We reverse.

After the death…