National Bank v. Quinn

Defendant-counterplaintiff Quinn alleges plaintiff-counterdefendant-third-party plaintiff National Bank of Monticello (National) paid a check drawn on Quinn’s account at National over an unauthorized endorsement. Both National and defendant-third-party defendant Marine American State Bank, f/k/a American State Bank. of Bloomington (American State), assert the endorsement was the authorized endorsement of Quinn’s fiduciary. The circuit court granted summary judgment for Quinn.

On June 15, 1984, Quinn drew a check for $30,000 on his account at National, payable to “Limetree Beach Associates,…