Columbia University Libraries Digital Collections: The Real Estate Record
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Real estate record and builders' guide: v. 24, no. 595: August 9, 1879
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Real Estate Record AND BUILDERS' GUIDE. Vol. XXIV. NEW YORK, SATURDAY, AUGUST 0, 1879. No. 595. i;i Published Weekly hy ^ht Seal (Estate%KQxii l^ssoctattoit. TERMS. ONK VEAU. in advance.. ..SULOU. Oonmumications .should bo addressed to C. \V. SAVKKT, Nos. SIT) AKn :M7 Buoahway LEGAL DECISIONS. IIAXK CHECK—KOUGKIty OK I.M)OU.SE.ME.\T-—LIA- nii.rrY ok ha.xk. Tho Court of Appeals has decided that where a check is drawn, p.ayable lo the order of a payee, the bank before paying the same is bound lo ascertain the Keiiuineiioss of tho payee's in¬ dorsement. The depositor is not precluded from di.-iput ing the right of tho bank to charge tho check with the forged indorsement against his uccotmt, for the reason that ho w.-is debited with the .'^me in his pas.s-book, and that it wjis re¬ turned lo him with other voiu-licis bj- the bank 111)011 the moiithl}' writing up of the account, and was retained without objeclion. A depositor (r.ves no iluty to a bank whieh requires him to e.xamiuc his pa.s.s-book, with a view to a