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Farber v. National Westminster Bank USA

Appellate Division of the Supreme Court of New York, Second Department
Jul 29, 1996
229 A.D.2d 562 (N.Y. App. Div. 1996)

Opinion

July 29, 1996

Appeal from the Supreme Court, Suffolk County (Cohalan, J.).


Ordered that the order is affirmed, with one bill of costs.

National Westminster Bank USA (hereinafter NatWest) has failed to establish its entitlement to judgment as a matter of law dismissing the plaintiff Nadia Farber's claims with regard to the recovery of proceeds on forged checks written on Farber's home equity credit line (hereinafter HECL) account in Action No. 1. Contrary to NatWest's contentions, where both a bank and a bank customer are negligent in failing to detect a forged check-cashing scheme, the customer is not automatically barred from asserting a claim against the bank for all but the first in a series of forgeries by the same wrongdoer (see, UCC 4-406). Where the "customer establishes lack of ordinary care on the part of the bank" (UCC 4-406, [3]), the bar is not operable (see, Putnam Rolling Ladder Co. v. Manufacturers Hanover Trust Co., 74 N.Y.2d 340). The Supreme Court correctly determined that issues of fact remain with regard to NatWest's use of ordinary care.

Moreover, the so-called "standstill agreement" entered into by the parties was properly construed by the Supreme Court not to preclude Farber from asserting the bank's negligence in payment of the forged HECL checks as a defense in the foreclosure action (Action No. 2).

NatWest's further contentions are raised for the first time on appeal and therefore are not properly before us. Bracken, J.P., Santucci, Goldstein and McGinity, JJ., concur.


Summaries of

Farber v. National Westminster Bank USA

Appellate Division of the Supreme Court of New York, Second Department
Jul 29, 1996
229 A.D.2d 562 (N.Y. App. Div. 1996)
Case details for

Farber v. National Westminster Bank USA

Case Details

Full title:NADIA FARBER et al., Respondents, v. NATIONAL WESTMINSTER BANK USA…

Court:Appellate Division of the Supreme Court of New York, Second Department

Date published: Jul 29, 1996

Citations

229 A.D.2d 562 (N.Y. App. Div. 1996)
645 N.Y.S.2d 870

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