Atlas Building Supply Co. v. First Independent Bank

This action for conversion was brought by the plaintiff, Atlas Building Supply Company (Atlas), to recover $1,500, the amount of a check on which its signature had been forged and the proceeds credited to the account of the forger, against the defendant, First Independent Bank of Vancouver. On appeal from an adverse judgment, defendant contends the trial court erred in failing to find Atlas had ratified its unauthorized endorsement or that it was equitably estopped from asserting a claim against the defendant. For the reasons stated below, we find the trial court was correct in its…