Case Name: Harry L. Cohen, Inc., a Dissolved Corporation, by Harry L. Cohen and Samuel D. Miller, as Trustees for the Benefit of the Creditors and Stockholders of the Dissolved Corporation, Appellant, v. Peoples National Bank of Brooklyn, Respondent
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 1933-12
Citations: 240 A.D. 1001
Docket Number: 
Parties: Harry L. Cohen, Inc., a Dissolved Corporation, by Harry L. Cohen and Samuel D. Miller, as Trustees for the Benefit of the Creditors and Stockholders of the Dissolved Corporation, Appellant, v. Peoples National Bank of Brooklyn, Respondent.
Judges: 
Reporter: Appellate Division Reports
Volume: 240
Pages: 1001–1001

Head Matter:
Harry L. Cohen, Inc., a Dissolved Corporation, by Harry L. Cohen and Samuel D. Miller, as Trustees for the Benefit of the Creditors and Stockholders of the Dissolved Corporation, Appellant, v. Peoples National Bank of Brooklyn, Respondent.

Opinion:
Judgment reversed on the law and a new trial granted, with costs to abide the event. There was a question of fact as to whether the authorization of the plaintiff's employee, Brown, permitted him to indorse and negotiate the checks in suit. As the testimony stands, the authorization was restricted and the indorsements were forgeries with resulting conversion of the proceeds. (Neg. Inst. Law, § 41; Standard S. S. Co. v. Corn Exchange Bank, 220 N. Y. 478; Whiting v. Hudson Trust Co., 234 id. 394, 405; Wen Kroy R. Co. v. Public Nat. Bank & T. Co., 260 id. 84.) The testimony as to authorization came from interested witnesses; and that, together with the lapse of time in which the corporation and its officers were quiescent and with other circumstances, makes the question one of fact. The defenses of negligence and of collusion between the officers of the plaintiff and its employee, Brown, present questions of fact. Lazansky, P. J., Young, Kapper, Carswell and Davis, JJ., concur.