Freistat v. Industrial Bank of Commerce
This text of 18 Misc. 2d 420 (Freistat v. Industrial Bank of Commerce) is published on Counsel Stack Legal Research, covering Appellate Terms of the Supreme Court of New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
It was not disputed that the defendant bank certified the checks through a mistake by one of its tellers. The record discloses, however, that the plaintiff payee of the checks has not been damaged by the certifications, nor has she changed her position in reliance thereon. In the circumstances the defendant is absolved from liability upon the checks (Carnegie Trust Co. v. First Nat. Bank, 213 N. Y. 301; Wachtel v. Rosen, 249 N. Y. 386; Metropolitan Life Ins. Co. v. Bank of United States, 259 N. Y. 365; Baldinger & Kupferman Mfg. Co. v. Manufacturers-Citizens Trust Co., 93 Misc. 94; Smith v. Treuthart, 130 Misc. 394; Smith & McCrorken v. Chatham Phenix Nat. Bank & Trust Co., 239 App. Div. 318; Irving Bank v. Wetherald, 36 N. Y. 335; Howell v. Mills, 53 N. Y. 322).
The judgment should be unanimously reversed upon the law and facts, with $30 costs to the defendant, and complaint dismissed, with appropriate costs in the court below.
Judgment reversed, etc.
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Cite This Page — Counsel Stack
18 Misc. 2d 420, 186 N.Y.S.2d 768, 1958 N.Y. Misc. LEXIS 2472, Counsel Stack Legal Research, https://law.counselstack.com/opinion/freistat-v-industrial-bank-of-commerce-nyappterm-1958.