National Bank v. Quinn

This commercial law case presents for the court’s review a question centered on an interpretation of the terms “properly payable” and “authorized” found in this State’s codification of the Uniform Commercial Code (Ill. Rev. Stat. 1985, ch. 26, par. 1 — 101 et seq.). Specifically at issue here is a determination of the scope of the drawee bank’s responsibility to its customer under the provisions of section 4 — 401(1): “As against its customer, a bank may charge against his account any item which is otherwise properly payable from that account even though the charge creates an overdraft.” Ill.…