(Download) "Merchants & Manufacturers Association V. First National Bank Of Mesa" by Arizona Supreme Court # Book PDF Kindle ePub Free
eBook details
- Title: Merchants & Manufacturers Association V. First National Bank Of Mesa
- Author : Arizona Supreme Court
- Release Date : January 03, 1932
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 74 KB
Description
ROSS, J. This action was brought by the Merchants & Manufacturers Association, an Arizona corporation, against the defendant bank to recover $968.75 paid by the defendant to one L. F. Nachtweih upon sixteen checks payable to the order of plaintiff. Fourteen of these checks were indorsed in plaintiff's name "by L. F. Nachtweih," and two "by Clara Livingston." The questions involved are the authority of Nachtweih to indorse in plaintiff's name three of such checks, and the authority of Livingston to indorse the two she indorsed. The eleven other checks indorsed by Nachtweih the evidence conclusively shows he was authorized to indorse in behalf of plaintiff, the question as to them being whether such authority was for the purpose of deposit only and, if so, whether defendant had actual knowledge of such limited authority when it cashed them.
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