Bank of Montreal v. O'Keefe

Bank of Montreal v. O'Keefe is a legal case where the court examined whether a bank was liable for issuing a certificate of insurance knowing it had been falsely claimed as valid. The court held that the bank had a duty to verify the insurance's authenticity before issuing the document. Since the bank failed to do so and relied on false information, it was held responsible for any resulting damages. The case emphasizes the importance of financial institutions verifying the accuracy of documents they issue, especially when they impact contractual obligations or claims.