United States v. Chase National Bank
Supreme Court of the United States
ERROR TO THE CIRCUIT COURT OF APPEALS FOR THE SECOND CIRCUIT. The case is stated in the opinion. The plaintiff may recover, since the defendant, did not change, its position to its prejudice in reliance on the fact of payment and since its indorser was guilty of acts of negligence contributing to the success of the forgery.
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ERROR TO THE CIRCUIT COURT OF APPEALS FOR THE SECOND CIRCUIT. The case is stated in the opinion. The plaintiff may recover, since the defendant, did not change, its position to its prejudice in reliance on the fact of payment and since its indorser was guilty of acts of negligence contributing to the success of the forgery. The law recognizes no such thing as a holder in due course of a negotiable instrument void in its inception because of the forgery of the drawer’s signature. If plaintiff is permitted to assert as against the Howard National Bank that the drawer’s signature was forged, it…
1Opinion of the CourtJustice McReynolds
Plaintiff in error sued the defendant bank, at law, to recover money paid out under mistake of fact. The complaint alleged:
“First. That at all the times hereinafter mentioned, the plaintiff was and is a corporation sovereign, and the defendant was and is an association organized for and transacting the business of banking in the city, State, and Southern District of New York, under and pursuant to the provisions of the acts of Congress in such case made and provided;
“Second. That oh or about the 18th day of December, 1914, the defendant presented to the Treasurer of the United States at…
2Cases cited10 opinions
- Leather Manufacturers' Bank v. MorganSupreme Court of the United States · 1886
- Cooke v. United StatesSupreme Court of the United States · 1875
- President of the Bank of the United States v. President of the Bank of GeorgiaSupreme Court of the United States · 1825
- Williams v. VreelandSupreme Court of the United States · 1919
- United States v. National Exchange Bank of ProvidenceSupreme Court of the United States · 1909
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3Cited by35 opinions
- Clearfield Trust Co. v. United StatesSupreme Court of the United States · 1943
- National Metropolitan Bank v. United StatesSupreme Court of the United States · 1945
- United States v. Guaranty Trust Co. of New YorkSupreme Court of the United States · 1934
- Perini Corp. v. First National BankCourt of Appeals for the Fifth Circuit · 1977
- Perini Corporation and Brown Brothers, Harriman and Company, Plaintiffs v. The First National Bank of Habersham County, Georgia, the Fulton National Bank of Atlanta, Georgia and Morgan Guaranty Trust Company of New York, New York, Perini Corporation and Brown Brothers, Harriman and Company, Plaintiffs v. The First National Bank of Habersham County, Georgia, and the Fulton National Bank of Atlanta, GeorgiaCourt of Appeals for the First Circuit · 1977
30 more not listed; retrieve them via the Exa API.