Legal Opinion
Universal Premium Acceptance Corp. v. York Bank & Trust Co.
District Court, E.D. Pennsylvania
Decided September 29, 1994No. Civ. A. No. 94-2138Published
1Opinion of the Court
MEMORANDUM
BARTLE, District Judge.
This is a diversity action in which plaintiff, Universal Premium Acceptance Corp. (“UPAC”), has sued defendant, the York Bank & Trust Co. (“York”), regarding York’s alleged mishandling of various negotiable instruments issued by UPAC. Before the court are the parties’ cross-motions for summary judgment. Pennsylvania law is applicable.
The material facts are undisputed. UPAC is in the business of providing financing to third parties to pay insurance policy premiums. In the fall of 1991, Walter Talbot (“Talbot”) of the W. Talbot Insurance Agency contacted UPAC.…
2Cases cited11 opinions
- McAdam v. Dean Witter Reynolds, Inc.Court of Appeals for the Third Circuit · 1990
- Underpinning & Foundation Constructors, Inc. v. Chase Manhattan Bank, N.A.New York Court of Appeals · 1979
- Prudential-Bache Securities, Inc. v. Citibank, N. A.New York Court of Appeals · 1989
- Rossi v. Firemen's Insurance Co.Supreme Court of Pennsylvania · 1932
- Girard Bank v. Mount Holly State BankDistrict Court, D. New Jersey · 1979
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