Ambassador Financial Services, Inc. v. Indiana National Bank

CONOVER, Judge.

Plaintiff-Appellant Ambassador Financial Services, Inc. (Ambassador) appeals from the grant of summary judgment in favor of Defendants-Appellees Indiana National Bank (INB) and First Union National Bank (First Union) (collectively referred to as Banks), from a complaint alleging wrongful payment and charging of its account on three checks bearing forged endorsements.

The sole restated issue for review is:

whether the trial court properly determined Ambassador, as a drawer, was precluded by the intended payee defense 1 from recovering against the Banks for ipaying over forged…