41 A.D.2d 912 | N.Y. App. Div. | 1973
Order, Supreme Court, New York County, entered on November 6, 1972, unanimously reversed, on the law, without costs and without disbursements, and the motion granted dismissing the complaint except with respect to two checks aggregating $2,150. Pickwick Togs, Inc., represented herein by its trustee in bankruptcy, became a depositor of the appellant bank under an agreement whereby Pickwick agreed that unless it shall notify the bank in writing within 30 days of the delivery- or mailing of any statement of account and canceled vouchers that the signature upon any returned voucher was forged, the said statement of account shall be considered correct for all purposes and the bank shall not be liable for any payment made and charged to Pickwick’s account. The same agreement required the depositor to notify the bank of forged indorsements, as distinguished from forged signatures, within six months of the mailing or receipt of the monthly statements of account and canceled cheeks as a condition precedent to the institution of an action to recover payment made on such checks.