PACE PUBL'N, INC. v. BANK OF NEW YORK


183 A.D.2d 601 (1992)

Pace Publications, Inc., Respondent, v. Bank of New York, Appellant

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

May 21, 1992


Plaintiff is a creditor of Select Magazine (Select), a customer of defendant The Bank of New York (BNY). Plaintiff brought two causes of action against defendant for refusal to make payment on a check of Select (Check 85414) drawn to plaintiff, and received by the defendant on April 5, 1989. The first cause of action is for damages for wrongful refusal based upon an alleged failure to timely dishonor the check by the April 6 midnight...

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