CHATHAM SEC. CORP. v. WILLISTON & BEANE


22 A.D.2d 260 (1964)

Chatham Security Corporation, Appellant, v. J. R. Williston & Beane, Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

December 15, 1964.


Attorney(s) appearing for the Case

Joseph Miller of counsel (Uttal, Miller & Dubin, attorneys), for appellant.

Burton M. Abrams of counsel (Abrams & Geller, attorneys), for respondent.

McNALLY, STEUER and BASTOW, JJ., concur with BREITEL, J. P.; RABIN, J., dissents in opinion.


BREITEL, J. P.

Plaintiff, a financing factor, appeals from a judgment in favor of defendant, a stockbroker, after a nonjury trial. Plaintiff sues on a check made payable to a bank, Meadow Brook National Bank, on which the broker, drawer of the check, had stopped payment. The check was given in payment of the adjusted proceeds from the sale of stock for the account of its customer, Arlee Associates, Inc. The issue...

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