Having followed the express language of the endorsements, defendant cannot be held liable, and this is so even though the endorsements directed that the money be deposited into an account held by someone other than the endorsing party (Spielman v Manufacturers Hanover Trust Co.,
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FED. INS. CO. v. MFRS. HANOVER TRUST CO.
157 A.D.2d 460 (1990)
Federal Insurance Company, as Assignee of Galef & Jacobs, Appellant, v. Manufacturers Hanover Trust Company, Respondent
Appellate Division of the Supreme Court of the State of New York, First Department.https://leagle.com/images/logo.png
January 4, 1990
January 4, 1990
Appellate Division of the Supreme Court of the State of New York, First Department.
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