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  5. 62 A.D.2d 273 (1978)
 

MIDDLE ST. LEASING v. MFRS. TR.

62 A.D.2d 273 (1978)

Middle States Leasing Corporation, Respondent, v. Manufacturers Hanover Trust Company, Appellant and Third-Party Plaintiff-Appellant; Federal Reserve Bank of New York, Third-Party Defendant-Respondent-Appellant

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

May 9, 1978

Attorney(s) appearing for the Case

Rolon W. Reed of counsel (Rebecca H. Dent with him on the brief; Simpson Thacher & Bartlett, attorneys), for defendant and third-party plaintiff-appellant.

Donald B. Relkin of counsel (Michael J. Gerstein and Robert J. Miller with him on the brief; Kreindler, Relkin & Goldberg, attorneys), for third-party defendant-appellant-respondent.

Sidney A. Fine of counsel (Burton M. Fine and David J. Rosen with him on the brief; Fine, Tofel, Saxl & Berelson, attorneys), for respondent.

LYNCH, SANDLER and SULLIVAN, JJ., concur.

LUPIANO, J. P.

Plaintiff made a check drawn on defendant Manufacturers Hanover Trust Company, payable to the order of Interpace Corporation and United Leasing Services, Inc., in the sum of $150,050, which it delivered to United Leasing Services, Inc. The check was deposited by United Leasing in its account at Midlantic National Bank of New Jersey, the purported indorsement on the back reading as follows: "Pay...

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