Fidelity & Deposit Co. of Maryland v. Fort Worth Nat. Bank

CRITZ, Judge.

The facts of this case are undisputed; only law questions being presented.

Phillip G. Wade was an employee of Toledo Scale Company. Wade came into possession of certain checks belonging and payable to the scale company. He had no authority to indorse such checks, or to do anything with them except send them to the scale company, and the scale company had never done anything to lead any one to believe to the contrary. Some of these checks were drawn on Fort Worth National Bank, and some on other banks. Wade took all such checks to the Fort Worth National Bank, and after indorsing…