Sigler v. Kingston National Bank

Flannery, J.,

Plaintiff and one Leo E. Gaj arranged to embark in a business known as the Cable Vision Co. and in furtherance of such arrangements plaintiff deposited $6,000 in defendant bank in the name of Cable Vision Co. with the signatures of both parties required on checks drawn against the account.

On June 25, 1951, and on July 16, 1951, plaintiff and Leo E. Gaj drew two checks in the amounts of $2,000 and $1,800 respectively, payable to the order of R. G. Genzlinger, Inc. On these checks Gaj forged endorsements and fraudulently appropriated the proceeds to his own use. Plaintiff thereupon…