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FIRST NAT. BK. v. AMER. BROAD.

68 Misc.2d 861 (1971)

First National City Bank, Plaintiff, v. American Broadcasting Company, Inc., Defendant.

Supreme Court, New York County.

December 14, 1971

Attorney(s) appearing for the Case

Shearman & Sterling (Michael J. Aratingi of counsel), for plaintiff. Hawkins, Delafield & Wood (Clarence Fried, Philip R. Forlenza and Jeffrey Stephen Ramer of counsel), for defendant.

NATHANIEL T. HELMAN, J.

The action is brought by First National City Bank (Citibank) as the issuer of certain travelers' checks, against American Broadcasting Company, Inc. (ABC), as a selling agent for the face value of the checks, together with commissions. The checks were issued in blank, signed by plaintiff, with authority to sell the checks, retain a portion of the commission, and remit the balance to plaintiff...

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