Peoples National Bank v. American Fidelity Fire Insurance

This is an appeal from an Order of the Circuit Court for Prince George’s County (Ernest A. Loveless, J.) granting summary judgment in favor of the plaintiff, American Fidelity Fire Insurance Company, and awarding damages against the defendant, Peoples National Bank of Maryland, for wrongful payment to a single indorser on a check made payable to joint payees. We are in agreement with the ruling of the lower court that a cause of action in conversion was stated under Md. Com. Law Code Ann. § 3-419 (1975), 1 and we adopt the opinion of Judge Loveless as set forth below:

“Plaintiff, American…