Legal Opinion
New Amsterdam Casualty Company v. The First Pennsylvania Banking and Trust Company v. Morton N. Neufeld
Court of Appeals for the First Circuit
Decided December 15, 1971No. 19424PublishedCited by 20 opinions
1Opinion of the Court
OPINION OF THE COURT
ADAMS, Circuit Judge.
The question here is whether an employee supplied to his employer the names of payees within the meaning of Section 3-405(1) (c) of the Uniform Commercial Code, Tit. 12A Pa.Stat.Ann. § 3-405(1) (c), intending the payees to have no interest in the proceeds of the checks. If Emanuel Wexler, an employee of E. W. Smith Co. [Smith], did so, his forged indorsements on the checks are effective as between Smith and The First Pennsylvania Banking and Trust Co. [Bank] which charged Smith’s checking account with the sum of the checks.
Preliminarily, several points…
2Cases cited7 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Guaranty Trust Co. v. YorkSupreme Court of the United States · 1945
- Guaranty Trust Co. v. YorkSupreme Court of the United States · 1945
- National Union Fire Insurance v. Mellon National BankSupreme Court of Pennsylvania · 1923
- Commonwealth v. Globe Indemnity CompanySupreme Court of Pennsylvania · 1936
2 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- McAdam v. Dean Witter Reynolds, Inc.Court of Appeals for the Third Circuit · 1990
- Olympic Junior, Inc., in No. 71-1440 v. David Crystal, Inc. Appeal of Edward Defabio, in No. 71-1441. Appeal of Paul D'alessandro, in No. 71-1442Court of Appeals for the Third Circuit · 1972
- Twellman v. Lindell Trust Co.Missouri Court of Appeals · 1976
- Universal Premium Acceptance Corporation v. The York Bank & Trust CompanyCourt of Appeals for the Third Circuit · 1995
- Brighton, Inc. v. Colonial First Nat'l BankNew Jersey Superior Court Appellate Division · 1980
15 more not listed; retrieve them via the Exa API.