Logourl black
From our private database of 14,100+ case briefs...

Auto-Owners Insurance Co. v. Bank One

Supreme Court of Indiana
879 N.E.2d 1086 (2008)


Facts

Kenneth Wulf worked for Auto-Owners Insurance Company (Auto-Owners) (plaintiff). Wulf was responsible for maintaining files and collecting checks that Auto-Owners received for subrogation and salvage claims. Wulf opened a checking account at Bank One (defendant) in the name of “Auto-Owners, Kenneth B. Wulf.” Bank One did not request any documentation to confirm Wulf’s authorization to open or use the account on Auto-Owners’ behalf. Over the course of nearly eight years, Wulf deposited $546,000 meant for Auto-Owners into this account without Auto-Owners’ knowledge. Upon discovering Wulf’s fraud, Auto-Owners sued Bank One, arguing that Bank One had failed to exercise ordinary care in opening Wulf’s account and that this failure had substantially contributed to Auto-Owners’ losses. Auto-Owners presented evidence that the prevailing industry standard for opening a business checking account required proof of identity or authority. The trial court granted summary judgment in favor of Bank One, and the court of appeals affirmed. Auto-Owners appealed.

Rule of Law

The rule of law is the black letter law upon which the court rested its decision.

To access this section, please start your free trial or log in.

Issue

The issue section includes the dispositive legal issue in the case phrased as a question.

To access this section, please start your free trial or log in.

Holding and Reasoning (Sullivan, J.)

The holding and reasoning section includes:

  • A "yes" or "no" answer to the question framed in the issue section;
  • A summary of the majority or plurality opinion, using the CREAC method; and
  • The procedural disposition (e.g. reversed and remanded, affirmed, etc.).

To access this section, please start your free trial or log in.

Dissent (Boehm, J.)

The dissent section is for members only and includes a summary of the dissenting judge or justice’s opinion.

To access this section, please start your free trial or log in.

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 97,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.

Here's why 218,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 14,100 briefs, keyed to 189 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.