Substantial Building & Loan Ass'n v. Northern Central Trust Co.

Opinion by

Henderson, J.,

The validity of the two checks described in the plaintiff’s statement of claim, and the fact that they were paid by the drawee bank are admitted. We held in an action brought by the plaintiff to recover on one of the same instruments from the drawee bank (82 Pa. Supr. Ct. 211; and 84 Pa. Supr. Ct. 133) that they were regularly indorsed by the treasurer of the plaintiff company, and that payment thereof by the latter bank discharged it from further liability. The plaintiff now admitting the authority of its treasurer to indorse, asserts that the defendant had no right…