Charles F. Claflin, Albert S. Ward and Walter H. Taylor Agt. the Farmers’ and Citizens’ Bank of Long Island

Summary

The Court held that the bank president could not bind the bank by accepting his own checks, rendering the acceptances void and the plaintiffs not bona fide holders; consequently the judgment was reversed and a new trial ordered. The opinion was accompanied by two concurring opinions addressing procedural objections and the nature of certification.