Oak Cliff Bank & Trust Co. v. Aetna Casualty & Surety Co.

BATEMAN, Justice.

The question here is whether the drawee or the drawer shall bear the loss when a forged check is paid by the drawee bank. The appellant Oak Cliff Bank & Trust Company, herein sometimes called “the Bank,” paid approximately forty checks aggregating $689.47 bearing the printed signature of The International Union United Automobile Aerospace & Agricultural Implement Workers of America UAW, Local 732, herein called “the Union,” and what purported to be the handwritten signatures of Roy J. Dykes, President, and G. C. Fredericks, Financial Secretary. The Bank had been instructed by…