1. RECENT CASES.
- Subjects
- *
FORGERY , *PAYMENT , *DEPOSIT banking , *DRAFTS (Banking) , *U.S. states - Abstract
This article presents some recently held cases. A depositor had a special employee whose duty it was to check up his bank statements but by whose neglect of duty another employee was enabled to make a series of forgeries before being detected. The forgeries would have been obvious on a simple checking of the account. Held, the bank is not liable for the payment of forged checks which could have been prevented by the depositor's use of due care. This was a case between California Vegetable Union vs. Crocker National Bank.
- Published
- 1919