Midtown Copying & Duplicating Services, Inc. v. Bank of New York
Opinion of the Court
—Judgment, Supreme Court, New York County (Helen Freedman, J.), entered February 10, 1999, after a nonjury trial, in favor of defendant and against plaintiff, unanimously affirmed, with costs.
We affirm the judgment for defendant bank on the ground that, regardless of any negligence by the bank in failing to give effect to the amended corporate resolutions and signature cards submitted by plaintiffs principal, the record establishes that plaintiffs principal was fully aware that the employee previously authorized to sign checks drawn on plaintiffs bank accounts was continuing to do so, and, with such knowledge, plaintiffs principal endorsed and deposited the checks the employee drew that were payable to him, thereby ratifying the employee’s continued check-signing both expressly and, through the acceptance of the benefits thereof, impliedly (see, UCC 3-404; Matter of New York State Med. Transporters Assn. v Perales, 77 NY2d 126, 131; Latallo Establissement v Morgan
Case-law data current through December 31, 2025. Source: CourtListener bulk data.