SMITH, INC. v. MERRILL LYNCH


113 A.D.2d 387 (1985)

Leonard Smith, Inc., et al., Respondents, v. Merrill Lynch, Pierce, Fenner and Smith, Defendant, Marine Midland Bank, N. A., Appellant-Respondent, and Chase Manhattan Bank, N. A., Respondent-Appellant

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

December 5, 1985


Attorney(s) appearing for the Case

Noonan, Troue, Gutermuth & O'Connor (Robert J. Rock of counsel), for appellant-respondent.

Lee, LeForestier, Malone & Hanft, P. C. (David R. Murphy of counsel), for respondent-appellant.

Taub & Starrs (John Starrs of counsel), for respondents.

MAHONEY, P. J., MAIN and HARVEY, JJ., concur with CASEY, J.; KANE, J., dissents and votes to affirm in an opinion.


CASEY, J.

Pursuant to plaintiffs' written instructions concerning an investment account, defendant Merrill Lynch, Pierce, Fenner and Smith (Merrill Lynch) issued a check drawn on its account with defendant Chase Manhattan Bank, N. A. (Chase) payable to Guardian Life Insurance Company (Guardian Life), which was delivered to one Robert Spuck, who had represented himself to plaintiffs as an agent of Guardian Life...

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