JOHN & MARY MARKLE FOUND. v. MFRS. HANOVER TRUST CO.


209 A.D.2d 587 (1994)

619 N.Y.S.2d 109

John and Mary Markle Foundation, Respondent, v. Manufacturers Hanover Trust Company, Appellant

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

November 21, 1994


Ordered that the order and judgment is affirmed, with costs.

This case involves the wire transfer of funds from a two-signature checking account upon the oral request of only one necessary party. Article 4 of the Uniform Commercial Code is thus inapplicable because it does not specifically address the problems of electronic funds transfer (see, Delbrueck & Co. v Manufacturers Hanover Trust Co., 609 F.2d 1047, 1051...

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