Legal Opinion
Masterson v. Valley National Bank of Long Island
New York Supreme Court
Decided April 5, 1972PublishedCited by 9 opinions
1Opinion of the CourtPaul J. Widlitz, J.
On or about August 26, 1966, Carnell Construction Corp. (Carnell) and Die Concrete Corp. (Die) entered into a joint venture for the performance of certain work. The joint venture opened a bank account with the defendant Valley National Bank of Long Island (Valley). The usual resolutions were filed with the bank indicating the authorized .signatures on checks of the joint venture and other commercial paper. On December 1, 1966, the joint venture purchased a negotiable certificate of deposit from Valley for $100,000, and on December 29, 1966, it purchased another negotiable certificate of…
2Cases cited6 opinions
- Forman v. LummAppellate Division of the Supreme Court of the State of New York · 1925
- Union National Bank of Rahway v. UnderhillNew York Court of Appeals · 1886
- May v. Hettrick Bros.Appellate Division of the Supreme Court of the State of New York · 1917
- Mason v. Public National Bank & Trust Co.Appellate Division of the Supreme Court of the State of New York · 1941
- May v. . Hettrick Brothers CompanyNew York Court of Appeals · 1919
1 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Yonofsky v. WernickDistrict Court, S.D. New York · 1973
- Miltland Raleigh-Durham v. MyersDistrict Court, S.D. New York · 1992
- Margate Industries, Inc. v. Samincorp. Inc.District Court, S.D. New York · 1984
- GG Managers, Inc. v. Fidata Trust Co.Appellate Division of the Supreme Court of the State of New York · 1995
- Securities Groups v. Atkins (In Re Securities Groups)United States Bankruptcy Court, M.D. Florida · 1988
4 more not listed; retrieve them via the Exa API.