Legal Opinion
Arrow Builders Supply Corp. v. Royal National Bank of New York
New York Court of Appeals
Decided February 22, 1968PublishedCited by 30 opinions
1Opinion of the CourtBurke, J.
Faye Zappacosta was employed as a bookkeeper by plaintiff Arrow Builders Supply Corp. Each month, she drew checks for plaintiff’s president LaSala on its account in defendant Royal National Bank, payable to the order of that bank, representing income and social security taxes withheld from the wages of Arrow’s employees. Between August, 1962 and June, 1964 Zappacosta drew and LaSala purportedly signed 54 such checks, of which only 23 were properly applied. The 31 .remaining checks, totaling $132,000-, were presented individually by Zappacosta to the bank whereupon the bank would issue its own…
2Cases cited6 opinions
- Shipman v. Bank of New YorkNew York Court of Appeals · 1891
- Frederic A. Potts & Co. v. Lafayette National BankNew York Court of Appeals · 1935
- Matteawan Manufacturing Co. v. Chemical Bank & Trust Co.Appellate Division of the Supreme Court of the State of New York · 1935
- Screenland Magazine, Inc. v. National City BankNew York Supreme Court · 1943
- Fidelity and Casualty Co. v. Hellenic Bank Trust Co.City of New York Municipal Court · 1943
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3Cited by30 opinions
- Sun'n Sand, Inc. v. United California BankCalifornia Supreme Court · 1978
- Hartford Accident & Indemnity Co. v. American Express Co.New York Court of Appeals · 1989
- Federal Insurance v. Groveland State BankNew York Court of Appeals · 1975
- Transamerica Insurance v. United States National BankOregon Supreme Court · 1976
- Bank of Southern Maryland v. Robertson's Crab House, Inc.Court of Special Appeals of Maryland · 1978
25 more not listed; retrieve them via the Exa API.