A.K.S. JEWELRY MFG. CORP. v. DORAS DISTRIB., INC.


210 A.D.2d 35 (1994)

619 N.Y.S.2d 270

A.K.S. Jewelry Manufacturing Corp., Respondent, v. Doras Distributor, Inc., et al., Defendants, and Chase Manhattan Bank, N. A., Appellant

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

December 6, 1994


Defendant payor bank received the subject check from the depositary bank, but did not act on it within the time required by UCC 4-302. Accordingly, the delay was tantamount to final payment of the check (see, SOS Oil Corp. v Norstar Bank, 76 N.Y.2d 561, 567) and defendant is liable. That plaintiff may also have a cause of action against the collecting bank for the alleged improper...

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