Legal Opinion
Northwestern National Insurance Co. of Milwaukee v. Midland National Bank
Wisconsin Supreme Court
Decided May 6, 1980No. 77-455PublishedCited by 19 opinions
1Opinion of the CourtDay, J.
Northwestern National Insurance Company (Northwestern) instituted this action to recover the value of two checks totaling $49,978.20 from Midland National Bank (Midland), the payor bank. It was alleged that Midland failed to revoke a provisional settlement for the items within its midnight deadline under sec. 404.301(1), Stats. 1975, 1 and by failing to meet this deadline Midland became accountable for the value of the checks under sec. 404.302, Stats. 1975. 2 After a trial to the court, the circuit judge found that Midland missed the midnight deadline and would have been liable in the…
2Cases cited11 opinions
- Rock Island Auction Sales, Inc. v. Empire Packing Co.Illinois Supreme Court · 1965
- Western Air and Refrigeration, Inc. v. Metro Bank of DallasCourt of Appeals for the Fifth Circuit · 1979
- Blake v. Woodford Bank & Trust Co.Court of Appeals of Kentucky · 1977
- Goodman v. Norman Bank of CommerceSupreme Court of Oklahoma · 1977
- Met Frozen Food Corp. v. National Bank of North AmericaNew York Supreme Court · 1977
6 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- FIRST NAT. BANK IN HARVEY v. Colonial BankDistrict Court, N.D. Illinois · 1995
- Town & Country State Bank of Newport v. First State Bank of St. PaulSupreme Court of Minnesota · 1984
- State and Savings Bank of Monticello v. MeekerIndiana Court of Appeals · 1984
- Yeiser v. Bank of AdamsvilleTennessee Supreme Court · 1981
- American Title Insurance v. Burke & Herbert Bank & Trust Co.District Court, E.D. Virginia · 1993
14 more not listed; retrieve them via the Exa API.