AMERICAN UNDER. CORP. v. RHODE ISLAND HOSP. TR. CO.

No. 1694-Appeal.

303 A.2d 121 (1973)

AMERICAN UNDERWRITING CORPORATION v. RHODE ISLAND HOSPITAL TRUST COMPANY.

Supreme Court of Rhode Island.

April 20, 1973.


Attorney(s) appearing for the Case

Pucci, Zito & Goldin, Samuel A. Olevson, Providence, for plaintiff.

Charles J. McGovern, Providence, for defendant.


OPINION

ROBERTS, C.J.

This is an appeal from a judgment entered in the Superior Court for the defendant, the Rhode Island Hospital Trust Company (hereinafter referred to as the bank or Hospital Trust) in a suit on an endorsement of a draft by the plaintiff, American Underwriting Corporation (hereinafter referred to as American Underwriting).

While in this case the facts are not in dispute, the factual situation is highly unusual. A proper understanding...

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