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PENNY TECHS., INC. v. CITIBANK

248 A.D.2d 217 (1998)

669 N.Y.S.2d 816

Penny Technologies, Inc., Appellant, v. Citibank, N. A., Respondent. (And a Third-Party Action.)

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

March 12, 1998

Plaintiff failed to rebut the expert and other evidence offered by defendant bank demonstrating that it acted in a commercially reasonable manner when it accepted for deposit checks payable to "Penny Technologies, Inc.", and endorsed simply "Penny Technologies", into the business account of Penny Technologies, under which name plaintiff's former president, James R. Penny, was certified to do business (see, Coulter Elecs. v Commercial Bank, 727...

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