Massey-Ferguson, Inc. v. Fargo National Bank

MEMORANDUM OF DECISION

RONALD N. DAVIES, District Judge.

This non-jury diversity action was instituted by the plaintiff, Massey-Ferguson, Inc., to recover proceeds of checks made payable to Massey-Ferguson which were accepted by the defendant Fargo National Bank, upon the forged endorsement of Thomas A. Geering, then an employee of the plaintiff.

Massey-Ferguson, a Maryland corporation with its principal place of business in Michigan, maintains a branch sales office in Fargo, North Dakota. Employed at the sales office were a manager and, under his immediate supervision, ten district managers.…