Legal Opinion
Security Commercial & Savings Bank v. Southern Trust & Commerce Bank
California Court of Appeal
Decided October 28, 1925No. Civ. No. 4012PublishedCited by 11 opinions
1Opinion of the CourtCraig, J.
The principal question presented for decision upon this appeal is whether or not, under the facts of the case, a collecting bank is legally liable to a drawee bank for moneys paid upon forged checks by the former, which had no means of determining the payor’s signature, after their submission to, and honor by, the latter, through the clearing-house, in the regular course of business.
On September 13, 1920, the respondent bank was carrying the account of Thing Brothers, a firm consisting of J. L. Thing and C. E. Thing, who maintained a commercial house at Potrero, in the county of San Diego. On…
2Cases cited66 opinions
- President of the Bank of the United States v. President of the Bank of GeorgiaSupreme Court of the United States · 1825
- First Nat. Bank of Washington v. WhitmanSupreme Court of the United States · 1877
- National Exchange Bank of Tiffin v. WileySupreme Court of the United States · 1904
- Union Trust Co. v. McGintyMassachusetts Supreme Judicial Court · 1912
- Union Tool Co. v. Farmers & Merchants National Bank of Los AngelesCalifornia Supreme Court · 1923
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3Cited by11 opinions
- Ermolieff v. R. K. O. Radio Pictures, Inc.California Supreme Court · 1942
- Fireman's Fund Insurance v. Security Pacific National BankCalifornia Court of Appeal · 1978
- CIT Corporation v. PanacCalifornia Supreme Court · 1944
- Central National Bank v. First & Merchants National BankSupreme Court of Virginia · 1938
- American National Bank v. StanfillCalifornia Court of Appeal · 1988
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