TITLE

Appeals Court Reverses Judgment Against Bank Based on Dishonored Check

AUTHOR(S)
Chaitman, Helen Davis
PUB. DATE
August 2011
SOURCE
Lender Liability Law Report;Aug2011, Vol. 25 Issue 8, p7
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses a court case wherein judgment against a bank based on dishonored check was reversed by the U.S. Court of Appeal. In Wells Fargo Bank N.A. versus Financial Solutions Inc. (FSI), the bank was sued for its failure to explain a delay in forwarding a depositor's check to Bank One/J.P. Morgan Chase. Wells Fargo argued in its appeal that its mishandling of the check did not result to any damages to FSI. The court reviewed the California Uniform Commercial Code (UCC).
ACCESSION #
72084829

 

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