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Ratner v. Central National Bank of Miami
Citation:414 So. 2d 210 (1982)
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- Topic: Identifies the topic of law and where this case fits within your course outline.
- Parties: Identifies the cast of characters involved in the case.
- Procedural Posture & History: Shares the case history with how lower courts have ruled on the matter.
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- Brief Facts: A Synopsis of the Facts of the case.
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- Facts: What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case. Review the Facts of this case here:
Joel S. Ratner contends that the trial court erred in granting summary judgment and finding Ratner personally liable in authorized sales drafts which Central National Bank had provisionally credited to the account of the Stereo Corner, Inc., pursuant to a merchant’s Mastercharge agreement. Under the agreement, the merchant warranted each sales draft and agreed to be liable for certain improper sales drafts including those executed or accepted fraudulently. The Stereo Corner, Inc. was not incorporated until eight months after the contract was signed. When Central was unable to recoup its losses by charge-back to Stereo Corner’s account, Stereo Corner having become insolvent, Central sued Ratner claiming Ratner was individually liable on the contract.
- Issue(s): Lists the Questions of Law that are raised by the Facts of the case.
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