Bernstein v. Alpha Associates, Inc. (In Re Frigitemp Corp.)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that the application of funds deposited into a bank account used to pay an existing collected funds overdraft during the preference period was not a voidable preference due to the bank’s security interest in such payments under a similar UCC provision in New York
• beyond rights of loan, provisional credit “gives the bank the rights of a holder in due course of the negotiable instrument”

Source: CourtListener parenthetical corpus (CC0).