Robertson Banking Co. v. Brasfield
Supreme Court of Alabama
Appeal from Law and Equity Court, Marengo County; Edward J. Gilder, Judge. Action by J. S. Brasfield against the Robertson Banking Company. Judgment for plaintiff, and defendant ap'peals.
1Opinion of the CourtAnderson, C. J.
[1] It is settled law that a bank, which pays out the funds of a depositor on a forged check or indorsement, does so at its peril, and the depositor can recover the amount so paid, unless the bank can show that the payment was made as the proximate result of the conduct or negligence of the depositor; and this rule applies to a forged indorsement of a fictitious payee in the same way as it does to the forged indorsement of a real or existing payee. Michie on Banks, pp. 1095, 1096; Jordan-Marsh Co. v. Nat. Bank, 201 Mass. 397, 87 N. E. 740, 22 L. R. A. (N. S.) 250; Armstrong v. Nat. Bank, 46…
2Cases cited14 opinions
- Shipman v. Bank of New YorkNew York Court of Appeals · 1891
- Jordan Marsh Co. v. National Shawmut BankMassachusetts Supreme Judicial Court · 1909
- First National Bank v. AllenSupreme Court of Alabama · 1893
- Hall & Brown Woodworking Machine Co. v. Haley Furniture & Mfg. Co.Supreme Court of Alabama · 1911
- Snyder v. Corn Exchange National BankSupreme Court of Pennsylvania · 1908
9 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- Callaway v. Hamilton Nat. Bank of WashingtonCourt of Appeals for the D.C. Circuit · 1952
- McCornack v. Central State BankSupreme Court of Iowa · 1926
- Girard Fire Marine Ins. Co. v. GunnSupreme Court of Alabama · 1930
- Fidelity & Casualty Co. v. Constitution National BankSupreme Court of Connecticut · 1975
- Home Indemnity Co. v. State BankSupreme Court of Iowa · 1943
22 more not listed; retrieve them via the Exa API.