Acrometal Companies, Inc. v. First American Bank of Brainerd

OPINION

FOLEY, Judge.

Appellant First American Bank of Brain-erd (“American Bank”) challenges the trial court’s summary judgment finding American Bank, a depositary and collecting bank, liable for money paid on forged checks. The trial court found for respondent Acrometal Companies, Inc., the drawer. We reverse and remand.

FACTS

The facts underlying this dispute are not contested. Dawn Broadmarkle was employed by Acrometal as a bookkeeper in its accounting division in Brainerd. Broad-markle prepared Acrometal’s checks and stamped a facsimile signature on them. The checks were drawn on Acrometal’s…