Legal Opinion
Atlantic Bank v. Israel Discount Bank Ltd.
Appellate Terms of the Supreme Court of New York
Decided March 23, 1981PublishedCited by 12 opinions
1Opinion of the Court
OPINION OF THE COURT
2Per curiam
Order entered August 13, 1980, dismissing the complaint as against Bankers Trust Co. and denying plaintiff’s *343motion for summary judgment is modified to the extent of granting summary judgment to plaintiff Atlantic Bank of New York (Atlantic) against both defendants, on the warranty action, and, as so modified, affirmed, with $10 costs.
When a payor bank honors a check bearing a payee’s forged indorsement, may it maintain a warranty action under section 4-207 of the Uniform Commercial Code against collecting banks if the proceeds of the forged checks ultimately reach the…
3Cases cited5 opinions
- Hillsley v. State Bank of AlbanyAppellate Division of the Supreme Court of the State of New York · 1965
- Sundail Construction Co. v. Liberty BankNew York Court of Appeals · 1938
- Girard Bank v. Mount Holly State BankDistrict Court, D. New Jersey · 1979
- Bank Leumi Trust Co. v. Marine Midland BankAppellate Terms of the Supreme Court of New York · 1977
- Hillsley v. State BankAppellate Division of the Supreme Court of the State of New York · 1962
4Cited by12 opinions
- Ambassador Financial Services, Inc. v. Indiana National BankIndiana Supreme Court · 1992
- Kenerson v. FDICCourt of Appeals for the First Circuit · 1995
- Lund v. Chemical BankDistrict Court, S.D. New York · 1992
- Bank of New York v. Fleet Bank, N. A.New York Supreme Court · 1998
- Comerica Bank v. Michigan National BankMichigan Court of Appeals · 1995
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