Software Design & Application, Ltd. v. Hoefer & Arnett, Inc.

How courts have described this case

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

• finding “the 12 circumstances surrounding the opening of the accounts were not so suspicious as to 13 trigger a duty to investigate the phony partnership for the benefit of strangers,” which 14 implicitly acknowledges some circumstances could give rise to such a duty
• “In this 19 case the banks’ basic duty of care derives from the contract with their customer, accountholder 20 Linda McDonald.”
• bank not liable to non-customer investors where agent opened account in name of principal and diverted principal’s funds

Source: CourtListener parenthetical corpus (CC0).