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DIENCO, INC. v. SECURITY NAT. BANK

221 N.J. Super. 438 (1987)

534 A.2d 1035

DIENCO, INC., PLAINTIFF, v. SECURITY NATIONAL BANK OF NEW JERSEY; AND THE NATIONAL STATE BANK; AND BROAD NATIONAL BANK, DEFENDANTS. SECURITY NATIONAL BANK AND TRUST COMPANY OF NEW JERSEY, THIRD-PARTY PLAINTIFF-RESPONDENT, v. THE NATIONAL STATE BANK, ELIZABETH NEW JERSEY, THIRD-PARTY DEFENDANT-APPELLANT.

Superior Court of New Jersey, Appellate Division.

Decided December 7, 1987.

Attorney(s) appearing for the Case

John D. North argued the cause for third-party defendant-appellant National State Bank (Mackenzie, Welt, Duane & Maher, attorneys; Felice T. Londa, on the brief).

Avram S. Eule argued the cause for third-party plaintiff-respondent Security National Bank and Trust Company of New Jersey (Scheider & Wiener, attorneys; Avram S. Eule, on the brief).

Before Judges ANTELL, DEIGHAN and COHEN.

The opinion of the court was delivered by ANTELL, P.J.A.D.

On August 31, 1984 plaintiff deposited in its account with defendant Security National Bank of New Jersey (hereinafter "Security") a $60,000 check issued to the order of plaintiff by Trans Global Airlines and drawn upon National State Bank (hereinafter "National"). At the time of deposit the following endorsement was placed on the back of the check:

For deposit Only

Account # 01-001-472-0<...

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