BILLS AND NOTES - RIGHTS OF HOLDER OF BILL AGAINST DRAWEE

Authors

Abstract

An employee of the plaintiff, payee of a check drawn on the defendant bank, indorsed the check without authority and cashed it, retaining the proceeds. The check was sent through the clearance to the defendant bank and charged to the drawer. The plaintiff brought suit against the bank by a complaint in the form of damages for the conversion of a check. It was adjudged for the plaintiff and the defendant appealed. On appeal, the plaintiff insisted that the payment of the check amounted to an acceptance by the defendant bank and that a liability to the plaintiff as payee was thereby created. Held, not an acceptance. Dakota Radio Appliance Company v. First National Bank, (S. D. 1932) 244 N. W. 351.

Recommended Citation

BILLS AND NOTES - RIGHTS OF HOLDER OF BILL AGAINST DRAWEE, 31 Mich. L. Rev. 565 (1933).
Available at: https://repository.law.umich.edu/mlr/vol31/iss4/11