Underpinning & Foundation Constructors v. Chase Manhattan Bank
1979.NY.40684 386 N.E.2D 1319; 46 N.Y.2D 459
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Publisher Description
drawer of a check may sue a depositary bank which accepts the check and pays out the proceeds in violation of a forged restrictive endorsement. We conclude that in such a circumstance the drawer may have a cause of action against the depositary bank,