Supreme Court of New Jersey April 12, 1995 (New Jersey Steel Corp. v. Warburton)

The opinion of the Court was delivered by

GARIBALDI, J.

This appeal concerns the allocation of check-fraud losses under specific provisions of Articles 3 and 4 of the Uniform Commercial Code (“UCC”), adopted in New Jersey as

N.J.S.A.

12A:3-406 and

N.J.S.A

12A:4-406.