Plymouth Collateral Co. v. First Nat. Bank

1 Citing case

  1. Aetna Casualty & Surety Co. v. Lindell Trust Co.

    348 S.W.2d 558 (Mo. Ct. App. 1961)   Cited 22 times

    It has been held that negligence of the payee, as in respect of the employment and supervision of an untrustworthy employee guilty of a forgery is no defense to an action against the bank for collecting forged paper. 9 C.J.S. Banks and Banking ยง 254, p. 528; Plymouth Collateral Co. v. First Nat. Bank of Seattle et al., 188 Wash. 344, 62 P.2d 734; California Stucco Co. of Washington v. Marine Nat. Bank, 148 Wash. 341, 268 P. 891, 67 A.L.R. 1531. As we have pointed out heretofore, there was no apparent authority because there was no showing in the record that the Trust Company had any knowledge or relied on any facts which would lead it to believe that Herman had apparent authority to cash the checks in question.