Dziurak v. Chase Manhattan Bank, N.A.
| Decision Date | 27 April 1978 |
| Parties | , 377 N.E.2d 474, 23 UCC Rep.Serv. 958 Francis A. DZIURAK, Appellant, v. CHASE MANHATTAN BANK, N. A., Respondent. |
| Court | New York Court of Appeals Court of Appeals |
The order of the Appellate Division should be affirmed, with costs.
A cashier's check is the primary obligation of the issuing bank which, acting as both drawer and drawee, accepts the check upon its issuance. (Matter of Bank of United States, 243 App.Div. 287, 291, 277 N.Y.S. 96, 100; Moon Over the Mountain v. Marine Midland Bank, 87 Misc.2d 918, 920, 386 N.Y.S.2d 974, 975.) As such, a cashier's check does not constitute an item payable for a customer's account within the meaning of subdivision 1 of section 4-403 of the Uniform Commercial Code. (White and Summers, Uniform Commercial Code, § 17-5, p. 579, n. 91.) Consequently, respondent was under no legal obligation to honor appellant's order to stop payment. (Bobrick v. Second Nat. Bank of Hoboken, 175 App.Div. 550, 553, 162 N.Y.S. 147, 150, affd 224 N.Y. 637, 121 N.E. 856; Bunge Corp. v. Manufacturers Hanover Trust Co., 31 N.Y.2d 223, 234, 335 N.Y.S.2d 412, 420, 286 N.E.2d 903, 908 (dissenting opn, Breitel, J.); Kaufman v. Chase Manhattan Bank Nat. Assoc., 370 F.Supp. 276, 278.)
Order affirmed.
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