2nd Circut Decision on "Next Day" Availability

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This document contains a link to Fischer & Mandell LLP v. Citibank, N.A., 632 F3d 793 (2nd Cir. 2011). It's a decision concerning the application of UCC Articles 3 & 4 to the issue of counterfeit checks and next day availability of funds; the attorney customer lost! This case is a good reason to stop asking for "next day availability."

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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