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NATIONAL CITY BANK OF ROME v. MOTOR CONTRACT COMPANY OF ROME

44148.

119 Ga. App. 208 (1969)

166 S.E.2d 742

NATIONAL CITY BANK OF ROME v. MOTOR CONTRACT COMPANY OF ROME.

Court of Appeals of Georgia.

Decided February 14, 1969.

Attorney(s) appearing for the Case

Wright, Walther & Morgan, Robert G. Walther, for appellant.

Clary & Kent, Jack Kent, Jr., for appellee.

FELTON, Chief Judge.

Ga. L. 1962, pp. 156, 301 (Code Ann. § 109A-4-302; Uniform Commercial Code) provides as follows: "In the absence of a valid defense such as breach of a presentment warranty (subsection (1) of 109A-4-207), settlement effected or the like, if an item is presented on and received by a payor bank the bank is accountable for the amount of (a) a demand item . . . if the bank . . . retains the item beyond midnight of the banking day of receipt...

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