Swift & Co. v. Bankers Trust Co.

The plaintiff, an Illinois corporation, maintains a deposit account in the defendant bank and in other banks in the city of New York. The defendant bank paid three checks drawn upon the plaintiff’s deposit account to the order of “ John R. Turley.” Duly authorized officers of the plaintiff corporation were induced to sign the checks, so drawn, by a clerk in the “ Voucher Department ” at the plaintiff’s Chicago office. It was the duty of this clerk to approve vouchers or requests for checks received from other departments and to send such vouchers or requests, when properly initialed and…