Transamerica Insurance v. United States National Bank

How courts have described this case

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

• equating “reasonable care,” “reasonable banking standards,” and “ordinary care” in state version of U.C.C. § 3-406 and § 4-406
• applying the principles of Section 3 — 406 even where the fact situation did not literally fall within the terms of the statute
• “A bank deposit creates a debtor-creditor relationship; the incidents of that relationship are provided by law (although they may, within limits, be varied by agreement.)” (citations omitted)
• assessment of reasonable care, reasonable banking standards, and negligence is for trier of fact

Source: CourtListener parenthetical corpus (CC0).