W. Wesley Singletary & Son, Inc. v. Lake City State Bank

Brailsford, Justice.

Over a period of several years, an employee of W. Wesley Singletary & Son, Inc. fraudulently caused checks to fictitious payees to be drawn on his employer’s payroll account in Lake City State Bank and cashed them on forged endorsements. This action is by Singletary against the Bank for $14,879.44, the sum of such checks which were charged to its account. The Bank pleaded, as its fifth defense, that $13,250.00 had been paid to Singletary by an insurance company under a fidelity bond or insurance policy, which, for most of the period in question, insured Singletary against…