British Caledonian Airways Limited v. First State Bank of Bedford, Texas

JOHNSON, Circuit Judge:

British Caledonian Airways, Ltd. (British Caledonian) appeals from an adverse summary judgment entered in a suit against First State Bank of Bedford (Bedford Bank). The suit arose out of Bedford Bank’s processing of a check on an endorsement forged by one of British Caledo-nian’s employees. British Caledonian raises issues concerning the standard of “good faith” under the Texas Uniform Commercial Code, the interpretation of a restrictive endorsement, irregularities in the check, and the interest that the dishonest employee intended the payee to have in the check.…