Legal Opinion
Bank of Glen Burnie v. Loyola Federal Savings Bank
Court of Appeals of Maryland
Decided October 7, 1994No. 145PublishedCited by 5 opinions
1Opinion of the Court
CHASANOW, Judge.
We are called upon in this case to decide the issue of who bears the loss, as between the collecting bank and the drawee bank, for an improperly paid check bearing both a forged drawer’s signature and a forged indorsement (i.e., a “double forgery”). For the reasons set forth below, we hold that where a drawee bank pays on an instrument bearing both a forged drawer’s signature and a forged indorsement, the drawee bank is liable for the loss.
L
This case arises out of an action filed in August,. 1992, by Richard and Nancy Tinkler in the District Court of Maryland sitting in Anne…
2Cases cited11 opinions
- Brighton, Inc. v. Colonial First Nat'l BankNew Jersey Superior Court Appellate Division · 1980
- Perini Corporation and Brown Brothers, Harriman and Company, Plaintiffs v. The First National Bank of Habersham County, Georgia, the Fulton National Bank of Atlanta, Georgia and Morgan Guaranty Trust Company of New York, New York, Perini Corporation and Brown Brothers, Harriman and Company, Plaintiffs v. The First National Bank of Habersham County, Georgia, and the Fulton National Bank of Atlanta, GeorgiaCourt of Appeals for the First Circuit · 1977
- Fireman's Fund Insurance v. Security Pacific National BankCalifornia Court of Appeal · 1978
- Brighton, Inc. v. Colonial First National BankSupreme Court of New Jersey · 1981
- United States v. Chase National BankSupreme Court of the United States · 1920
6 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Hartford Fire Insurance v. Maryland National Bank, N.A.Court of Appeals of Maryland · 1996
- Simmons v. LennonCourt of Special Appeals of Maryland · 2001
- Bank of Glen Burnie v. Elkridge BankCourt of Special Appeals of Maryland · 1998
- Decibel Credit Union v. Pueblo Bank & Trust Co.Colorado Court of Appeals · 2000
- Citizens Bank v. Maryland Industrial Finishing Co.Court of Appeals of Maryland · 1995