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SOVEREIGN BANK v. UNITED NAT. BANK

821 A.2d 87 (2003)

359 N.J. Super. 534

SOVEREIGN BANK, Plaintiff-Respondent, v. UNITED NATIONAL BANK (n/k/a United Trust Bank), Defendant/Third Party, Plaintiff-Appellant, Elder Vergara and Luz M. Vergara, Third Party, Defendants.

Superior Court of New Jersey, Appellate Division.

Decided March 18, 2003.

Attorney(s) appearing for the Case

Donald S. Maurice, Jr., Bridgewater, argued the cause for appellant (Marino & Maurice, attorneys; Mr. Maurice and Thomas R. Dominczyk, on the brief).

Stephen B. Nolan, Philadelphia, PA, argued the cause for respondent (Stradley, Ronon, Stevens & Young, attorneys; Mr. Nolan, of counsel and on the brief).

Before Judges KING, WEFING and LISA.

The opinion of the court was delivered by WEFING, J.A.D.

Plaintiff, Sovereign Bank ("Sovereign"), sued United National Bank ("United"), a depositary bank, for conversion under N.J.S.A. 12A:3-420. On cross-motions for summary judgment, the trial court ruled for plaintiff and entered judgment in its favor for $65,150. United has appealed. We affirm.

The dispute arises in the following context. In September 1999, Luz and Elder Vergara granted a purchase...

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