INV. FLOW ASSOCS. v. ROYAL GLOBE INS. COS.


28 A.D.2d 988 (1967)

Investment Flow Associates, Respondent, v. Royal Globe Insurance Companies, Also Known as Royal Indemnity Company, Respondent-Appellant, and Eastern Federal Savings and Loan Association of Sayville, Respondent Royal Indemnity Company, Third-Party Plaintiff-Respondent-Appellant, v. Chemical Bank New York Trust Company, Third-Party Defendant-Appellant-Respondent

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

October 24, 1967


Order and judgment (one paper) unanimously reversed, on the law, with $50 costs and disbursements to abide the event, and plaintiff's motion and the cross motion of the defendant Royal Globe Insurance Company, also known as Royal Indemnity Company, denied.

Triable issues exist as to whether the instruments were ever in the possession of the plaintiff, whether plaintiff's indorsements were forged or whether it may have authorized the indorsements upon the drafts. The...

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