Fargo National Bank, a Corporation v. Massey-Ferguson, Inc.

LAY, Circuit Judge.

This is a diversity suit brought by Massey-Ferguson, Inc. against Fargo National Bank to recover proceeds of checks made payable to Massey-Ferguson, Inc. and either cashed at the Fargo National Bank or deposited to a personal account in said bank by the latter’s district manager by unauthorized endorsements. One T. A. Geering, Massey-Ferguson’s district manager, converted these funds over a period of time extending from December 11, 1961 until early in 1965. The checks were drawn on various banks by dealers, made payable to Massey-Ferguson, Inc., and given to Geering as the…