Legal Opinion
American Security Bank, N.A. v. American Motorists Insurance
District of Columbia Court of Appeals
Decided March 7, 1988No. 86-456, 86-512PublishedCited by 22 opinions
1Opinion of the Court
BELSON, Associate Judge:
This appeal involves a bank’s liability, under article three of the Uniform Commercial Code, for a series of checks it paid over a forged drawer’s signature. Although the trial court found that the bank’s customer had negligently contributed to the forgeries, it also found that, the bank had not complied with reasonable commercial standards when it failed to detect the forgeries and paid the checks. The court therefore found the bank liable under D.C.Code §§ 28:3-406 and 28:4-406 (1981). Because the trial judge’s factual finding that the bank was negligent in cashing…
2Cases cited14 opinions
- Anderson v. City of Bessemer CitySupreme Court of the United States · 1985
- United States v. United States Gypsum Co.Supreme Court of the United States · 1948
- Wainwright v. SykesSupreme Court of the United States · 1977
- Pullman-Standard v. SwintSupreme Court of the United States · 1982
- Bose Corp. v. Consumers Union of United States, Inc.Supreme Court of the United States · 1984
9 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- Kuwait Airways Corporation v. American Security Bank, N.A. And First American Bank, N.A.Court of Appeals for the First Circuit · 1990
- Speyer v. BarryDistrict of Columbia Court of Appeals · 1991
- Mellon Bank, N.A. v. National Union InsuranceSuperior Court of Pennsylvania · 2001
- Nolan v. NolanDistrict of Columbia Court of Appeals · 1990
- BCCI Holdings (Luxembourg), S.A. v. CliffordDistrict Court, District of Columbia · 1997
17 more not listed; retrieve them via the Exa API.