Weaver Construction Co. v. Farmers National Bank

This is a law action, tried without a jury, by Weaver Construction Company against defendant, Farmers National Bank of Webster City, to recover proceeds of checks belonging to plaintiff, endorsed and cashed at defendant-bank by Donovan D. Reynolds, plaintiff’s local manager, who then appropriated the cash to his own use. From judgment for plaintiff for much, but not all, of its claim defendant has appealed.

Plaintiff is a corporation with its main office near Alden, Iowa. In 1950 it constructed a plant in Webster City for the production of ready-mix concrete under the name Weaver Ready-Mix.…