Albert v. State Bank
Appellate Terms of the Supreme Court of New York
Appeal by defendant from a judgment in favor of plaintiffs, in an action to recover the amount of a note deposited with defendant for collection.
1Opinion of the CourtCrane, J.
The plaintiffs deposited a note made by the Acme Column Company with the defendant for collection. The note was dated March 15, 1910, and payable twenty days after date at the "Union Bank of Brooklyn, Seventeenth Ward branch. The note was entered in the plaintiffs’ passbook as for collection. On the due date the defendant presented the note for payment at the Union Bank which was thereupon stamped “ accepted,” returned to the State Bank and sent with exchanges the next day through the clearing house. In the meantime the Union Bank had failed and the note was returned to the State Bank unpaid.…
2Cases cited7 opinions
- Walls v. . BaileyNew York Court of Appeals · 1872
- Ward v. SmithSupreme Court of the United States · 1869
- Rickerson v. . Hartford Fire Ins. Co.New York Court of Appeals · 1896
- Farmers' Bank & Trust Co. v. NewlandCourt of Appeals of Kentucky · 1895
- Kirkham v. . Bank of AmericaNew York Court of Appeals · 1900
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3Cited by2 opinions
- Luckehe v. First Nat. Bk. of MarysvilleCalifornia Supreme Court · 1924
- Spokane Valley State Bank v. LutesWashington Supreme Court · 1925