Pennsylvania Mut. Life Ins. v. Real Estate-Land T. & Tr. Co.

Opinion by

Keller, J.,

Pennsylvania Mutual Life Insurance Company, hereinafter called ‘Insurance Company,’ was a depositor of the Real Estate Land Title & Trust Company, hereinafter called ‘Trust Company.’ It drew four checks on the Trust Company to the. order of four different payees in payment of claims on insurance policies. These checks came into the hands of one of its employees named Walsh, who forged the payees’ endorsements and deposited them with the Westmont National Bank of Westmont, N. J. This bank in order to collect them from the drawee bank, sent them to the Corn Exchange…