Los Angeles National Bank v. Bank of Canton
California Court of Appeal
[Opinion certified for partial publication.*]
1Opinion of the Court
Opinion
HASTINGS, J.
This appeal involves the construction and applicability of California Uniform Commercial Code section 4302 1 which requires a bank to give notice of dishonor or refusal to pay a check by midnight of the day following receipt of the check, otherwise known as the “midnight deadline” rule. Here, over $2 million in losses were sustained when two individuals, Tony Lam and Peter Wong, cashed twenty-eight worthless checks written on an account issued by appellant, Bank of Canton of California (BOC), over a period of three days at the Monterey Park branch office of respondent Los…
2Cases cited16 opinions
- Continental Airlines, Inc. v. McDonnell Douglas Corp.California Court of Appeal · 1989
- Saldana v. Globe-Weis Systems Co.California Court of Appeal · 1991
- C. L. Smith Co. v. Roger Ducharme, Inc.California Court of Appeal · 1977
- Bank of America v. Security Pacific National BankCalifornia Court of Appeal · 1972
- The Union Bank of Benton, Arkansas v. The First National Bank in Mount Pleasant, TexasCourt of Appeals for the First Circuit · 1982
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3Cited by8 opinions
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