M. G. M. Concrete Corp. v. State Bank

The plaintiff and defendant each move for summary judgment. The determination of the motion requires a consideration of the duty imposed upon the defendant bank, as agent for collection of two notes, to send a notice of dishonor to all indorsers when the principal is given such notice. In this matter the notice of protest was given to the maker, to the plaintiff, (the bank’s principal) and to the forwarding banks.

The basic facts alleged are not disputed. The complaint alleges the negotiation of the two notes to the plaintiff; that Rowan Realty Corp. was the maker, that an officer of that…