Al Sarena Mines, Inc. v. SouthTrust Bank of Mobile

ON APPLICATION FOR REHEARING

The opinion originally issued in this case is withdrawn and the following is substituted in its place.

This appeal principally involves the liability of a depositary bank for accepting, over a forged indorsement, a check payable to a corporate payee for deposit into an individual's account, without inquiring as to the authority and reason for such a deposit. The appeal is from a judgment as to two cross-claim defendants. The original claim and other cross-claims are not at issue here, but it will be necessary to set them out to convey an understanding of the case.

Har…