Legal Opinion
Metropolitan Casualty Insurance v. First National Bank
Michigan Supreme Court
Decided January 3, 1933No. Docket No. 131, Calendar No. 36,824PublishedCited by 8 opinions
1Opinion of the CourtClark, J.
An employee, in charge of a branch office, caused to be issued by his employer, E. E. MacCrone & Company, broker at Detroit, a number of checks, it being represented that the payees were customers of the branch office and that the several amounts were due them. The payees were nonexistent persons, or, at least, there were no such customers.
The maker, E. E. MacCrone & Company, did not intend to issue checks to fictitious persons. It had no knowledge that the names of the payees did not represent real persons. The checks, therefore, cannot be treated as payable to bearer under 2 Comp. Laws…
2Cases cited6 opinions
- Los Angeles Investment Co. v. Home Savings Bank of Los AngelesCalifornia Supreme Court · 1919
- Boley v. DanielSupreme Court of Florida · 1916
- Land Title & Trust Co. v. Northwestern National BankSupreme Court of Pennsylvania · 1900
- Detroit Piston Ring Co. v. Wayne County & Home Savings BankMichigan Supreme Court · 1930
- Farmers National Bank v. Farmers & Traders BankCourt of Appeals of Kentucky · 1914
1 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Meyers v. Bank of America National Trust and Savings Ass'nCalifornia Supreme Court · 1938
- Home Indemnity Co. v. State BankSupreme Court of Iowa · 1943
- First National Bank v. American Surety Co.Court of Appeals of Georgia · 1944
- Bank of Fort Mill, a Corporation v. Lawyers Title Insurance Corporation, a CorporationCourt of Appeals for the Fourth Circuit · 1959
- Furlong v. Manufacturers National BankMichigan Supreme Court · 1938
3 more not listed; retrieve them via the Exa API.