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ZAZ-HUFF INCORPORATED v. CHASE MANHATTAN BANK, N.A.

277 A.D.2d 59 (2000)

717 N.Y.S.2d 11

ZAZ-HUFF INCORPORATED et al., Appellants-Respondents, v. CHASE MANHATTAN BANK, N.A., Respondent-Appellant.

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

Decided November 14, 2000.

Plaintiffs in this action, two married couples and their respective personal service corporations, seek to hold defendant bank liable for defalcations from Chase accounts of the corporate plaintiffs by the designated signatory for such accounts (Powers), the individual plaintiffs' former business manager and the corporate plaintiffs' former secretary-treasurer. During the relevant period (from 1985 to 1993), Powers was the only signatory for the accounts, except for one employee...

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