Plaintiff bank has sued defendant bank in negligence and for breach of warranty. Both institutions are members of the Federal Reserve System and regulated by the rules and regulations of that body. The genesis of the actions is a banking transaction that occurred as follows:
On July 3, 1970 Elliott Truck and Tractor Sales, Inc. made a check payable to the order of Elliott Truck and Tractor Sales,
Welcome to the leading source of independent legal reporting
Let's get started
Sign on now to see your case.
Or view more than 10 million decisions and orders.