Legal Opinion
Met Frozen Food Corp. v. National Bank of North America
New York Supreme Court
Decided March 15, 1977PublishedCited by 20 opinions
1Opinion of the CourtAlexander Berman, J.
$14,835,917,339,000., an impressive *1034amount, even in an age of superlatives. It represents the total dollar value of commercial paper cleared through the 16 Federal Reserve Banks in the major cities of the United States during the 1975 calendar year. In New York City alone, the average daily exchange at the New York Clearing House amounts to $5,642,306,382.51. Each day, then, more than five billion dollars changes hands in the metropolitan area by means of abstract transactions involving bank debits and credits. Were "hard cash” required for each of the transactions involved, the economy of…
2Cases cited9 opinions
- Glick & Dolleck, Inc. v. Tri-Pac Export Corp.New York Court of Appeals · 1968
- S. & E. Motor Hire Corp. v. New York Indemnity Co.New York Court of Appeals · 1930
- Garden Check Cashing Service, Inc. v. First National City BankAppellate Division of the Supreme Court of the State of New York · 1966
- Garden Check Cashing Service, Inc. v. First National City BankNew York Court of Appeals · 1966
- Sunshine v. Bankers Trust Co.New York Court of Appeals · 1974
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3Cited by20 opinions
- Morgan Guaranty Trust Company Of New York v. American Savings And Loan AssociationCourt of Appeals for the Third Circuit · 1986
- Bernstein v. Alpha Associates, Inc. (In Re Frigitemp Corp.)District Court, S.D. New York · 1983
- Morgan Guaranty Trust Co. v. American Savings & Loan Ass'nCourt of Appeals for the Ninth Circuit · 1986
- Pulaski Bank & Trust Co. v. Texas American Bank/Fort Worth, N.A., Texas Court of Appeals, 5th District (Dallas)1988
- Northwestern National Insurance Co. of Milwaukee v. Midland National BankWisconsin Supreme Court · 1980
15 more not listed; retrieve them via the Exa API.