Grosberg v. Michigan National Bank Oakland

How courts have described this case

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

• holding that while actual authority may exist to endorse and deposit corporate checks only into approved corporate banking accounts, that same authority did not extend to endorsements which were deposited into `sham' accounts
• clarified the law as to both the apparent and implied authority of a partner to act on behalf of a partnership emphasizing “inherent agency power” of a partner
• clarified the law as to both the apparent and implied authority of a partner to act on behalf of a partnership emphasizing \inherent agency power\ of a partner
• “We accept as given the trial court’s finding that Goldman had actual authority to [e]ndorse and deposit incoming checks only in the account maintained by Grosberg at Manufacturers National Bank, and not in the account opened by Goldman at defendant bank.”
• partnership; implied authority to endorse

Source: CourtListener parenthetical corpus (CC0).