Indemnity Insurance Company of North America v. The First National Bank at Winter Park, Florida

JONES, Circuit Judge.

A man who introduced himself as R. L. Mitchell opened a checking account with The First National Bank at Winter Park, Florida, in January 1962, with an initial deposit of $500 in currency.

On February 6, 1962, there came into The Sanford Atlantic National Bank, of Sanford, Florida, a messenger whose identity was then undisclosed but who was later ascertained to be Aaron Sipes, with an envelope directed to the exchange teller of the bank. In the envelope was a check drawn on the bank bearing the purported signature of H. E. Tooke, Jr., a customer of the bank, in the amount…