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ALLIED CONCORD ETC. CORP. v. BANK OF AMERICA

Docket No. 33150.

275 Cal.App.2d 1 (1969)

80 Cal. Rptr. 622

ALLIED CONCORD FINANCIAL CORPORATION, Plaintiff and Appellant, v. BANK OF AMERICA et al., Defendants and Respondents.

Court of Appeals of California, Second District, Division Two.

July 7, 1969.

Attorney(s) appearing for the Case

Rich & Ezer and Mitchel J. Ezer for Plaintiff and Appellant.

Harris B. Taylor, Ullar Vitsut, Bette & Loomis and Donald E. Ruppe for Defendants and Respondents.

FLEMING, J.

Under the California Commercial Code, are depositary and collecting banks directly liable to the drawer of a check which they have negotiated on a forged endorsement? If they are liable, how long does their liability last? On 20 December 1965, plaintiff Allied Concord Financial Corporation (Allied) issued in New York a check for $18,637.50 drawn on Bankers Trust Co. of New York and payable to the order of Sandor Spector. On 23 December 1965, John Spector...

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