Chicago Heights Currency Exchange, Inc. v. Par Steel Products & Service Co.

Defendant, Jack H. Brakman, was a general managér of defendant, Par Steel Products and Service Company, Inc. In that capacity he was authorized to sign checks on the company’s checking account. After his employment by Par Steel was terminated and after his authority to sign company checks was cancelled he signed and delivered to plaintiff, Chicago Heights Currency Exchange, Inc., two checks drawn on the company account, one in the amount of $3,000 and the other for $4,000. When the two checks were presented to the drawee bank for payment, they were returned marked unpaid. Plaintiff currency…