Greenwald v. State Bank

It was error to grant the motion of the defendant State Bank to interplead the respondent Adalbert Phillippi in place and stead of the said bank. The plaintiff delivered to the agent of the said Phillippi sought to be interpleaded a check. The agent forged the indorsement of his principal, the payee of the check, secured its payment upon such forged indorsement and absconded with the money. The bank violated its obligation to the maker to pay the check only to the payee. For such violation it becomes indebted to the plaintiff for the amount which it improperly paid upon the forged…