California Court of Appeal

A bank accepting an incoming wire transfer of funds that specifies both an account number and a named beneficiary may rely on the account number even if the named beneficiary does not hold the account identified by the designated number, so long as the bank does not have actual knowledge of that inconsistency.

Appellate Information

• Decided 12/09/2004
• Published 12/09/2004

Judges

• MOSK, J.

Court

• California Court of Appeal

Counsel

• For Appellant:
  
• Jeffrey Licht & Associates and Jeffrey L. Licht, Los Angeles, for Plaintiffs and Appellants.


• For Appellees:
  
• Buchalter, Nemer, Fields & Younger and Debra Solle Healy, Irvine, for Defendants and Respondents.