BILLS AND NOTES - PRICE v. NEAL - CULPABILITY OF HOLDER WHICH PERMITS DRAWEE WHO HAS PAID TO RECOVER

Authors

Abstract

In an action by the bank to recover money paid on a check from the holder bank which had cashed the check for an unknown payee without requiring identification, and had then presented it to the drawee bank for payment, the drawer's name being forged, it was held that the drawee bank could recover, on the ground that the holder's negligence had lulled the drawee into indifference as to the drawer's signature when paying the check. Louisa Nat. Bank v. Kentucky Nat. Bank (Ky. 1931) 39 S.W. (2d) 497.

Recommended Citation

BILLS AND NOTES - PRICE v. NEAL - CULPABILITY OF HOLDER WHICH PERMITS DRAWEE WHO HAS PAID TO RECOVER, 30 Mich. L. Rev. 457 (1932).
Available at: https://repository.law.umich.edu/mlr/vol30/iss3/17