Wells v. Loveless Manufacturing Corp.

IRWIN, Justice.

Loveless Manufacturing Corporation, referred to as plaintiff, issued several checks over a period of time to named payees wherein The First National Bank and Trust Company of Tulsa, Oklahoma, plaintiff’s depository bank, was the drawee bank. The indorsement of the name of each payee was forged and the checks were cashed by J. S. Wells, a sole trader, d/b/a B & W Thrif-T-Wise, referred to as Wells. Wells indorsed the checks and deposited them in the Community State Bank. Community State Bank then indorsed them and transmitted them to The First National Bank for collection. The…