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HUMBERTO DECORATORS, INC. v. PLAZA NAT'L BK.

180 N.J. Super. 170 (1981)

434 A.2d 618

HUMBERTO DECORATORS, INC., PLAINTIFF-RESPONDENT, v. PLAZA NATIONAL BANK, DEFENDANT-APPELLANT.

Superior Court of New Jersey, Appellate Division.

Decided July 15, 1981.

Attorney(s) appearing for the Case

Allan A. Maki, attorney for appellant (Charles J. Simoldoni, on the brief).

Joseph J. Talafous, attorney for respondent.

Before Judges BOTTER, KING and McELROY.

The opinion of the court was delivered by KING, J.A.D.

Defendant appeals from a judgment of $28,205.09 plus prejudgment interest based on a finding that it was negligent in paying a cashier's check issued from the proceeds of a Small Business Administration (SBA) guaranteed loan without the endorsement of plaintiff-payee. Defendant alleges that the judge erred in finding that plaintiff had standing to bring this action as a third-party beneficiary of the loan agreement...

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