Manufacturers Trust Co. v. Lafayette National Bank

In this non jury action findings of fact and conclusions of law were waived. The complaint consists of two causes of action. In the first cause of action plaintiff seeks a recovery against the Lafayette National Bank, hereinafter referred to as “ Lafayette ”. In the second cause of *519action plaintiff alleges a claim against one Ragozzino. The actions were severed as to the individual defendant.

In the first cause of action which is now before me, plaintiff seeks to recover from Lafayette, as a guarantor of the indorsement of Alfonse Farruggio, a payee on a check in the sum of $1,596.87 drawn by…