Legal Opinion
Manufacturers Trust Co. v. Harriman National Bank Trust Co.
New York Supreme Court
Decided July 27, 1932PublishedCited by 3 opinions
1Opinion of the CourtCollins, J.
The plaintiff assails the legal sufficiency of the separate defense. The contest presents the issue as to whether the loss for paying out moneys on an altered and raised check falls upon the collecting bank, which guaranteed the altered indorsement, or upon the depositary bank.
*552The complaint is predicated upon the theory of the guaranteed indorsement. It alleges that the plaintiff succeeded to the assets of the' Chatham Phenix Bank and that the New York Savings Bank, as a depositor of the Chatham, drew its check upon the latter for $1.22 to the order of Alice Nugent; that without the knowledge…
2Cases cited9 opinions
- Leather Manufacturers' Bank v. Merchants' BankSupreme Court of the United States · 1888
- Seaboard National Bank v. Bank of AmericaNew York Court of Appeals · 1908
- American Exchange National Bank v. Yorkville BankNew York Supreme Court · 1924
- Bank of British North America v. Merchants' National BankNew York Court of Appeals · 1883
- General Fire Assurance Co. of Paris, France v. State BankAppellate Division of the Supreme Court of the State of New York · 1917
4 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Clearfield Trust Co. v. United StatesSupreme Court of the United States · 1943
- Maryland Casualty Co. v. Chase National BankCity of New York Municipal Court · 1934
- National Surety Corp. v. Federal Reserve BankCity of New York Municipal Court · 1946