BERNHARD ULMANN v. C. U. TR., 257 N.Y. 563 (1931)

178 N.E. 796

BERNHARD ULMANN COMPANY, INC., Appellant, v. CENTRAL UNION TRUST COMPANY OF NEW YORK et al., Respondents.

Court of Appeals of the State of New York.Argued October 1, 1931
Decided October 20, 1931

Appeal from the Supreme Court, Appellate Division, First Department.

Page 564

David S. Konheim and William Lurie for appellant.

Abraham Schachewitz and William J. McArthur for Central Union Trust Company, respondent.

James B.M. McNally for Morris Benedon et al., respondents.

Platt K. Wiggins for National City Bank, respondent.

Morris Hillquit, I. Henry Kutz and Nathaniel J. Palzer for Federal Reserve Bank of New York et al., respondents.

Judgment of the Appellate Division and that of the Trial Term reversed and new trial granted, with costs to abide the event, on the authority of Strang v. Westchester County Nat. Bank
(235 N.Y. 68) and United Cigar Stores Co. v. American Raw Silk Co.
(184 App. Div. 217; 229 N.Y. 532), the case of Hartford v Greenwich Bank (157 App. Div. 448; 215 N.Y. 726) being so inconsistent in principle with the cases cited that it must now be overruled; no opinion.

Concur: CARDOZO, Ch. J., POUND, CRANE, LEHMAN, KELLOGG, O’BRIEN and HUBBS, JJ.