Cairo Coop. Exchange v. First Nat'l Bank of Cunningham

The opinion of the court was delivered by

Herd, J.:

This is an action by a customer against a bank for its improper payment of certain checks over forged and restrictive indorsements. The trial court entered summary judgment for the bank. This appeal followed.

The agreed-upon facts are as follows. Plaintiff is a farm coop*614erative engaged in the usual business of buying and selling farm products and supplies. Its principal place of business is Cairo in Pratt County with a branch office at Cunningham in Kingman County. In 1963 it employed one K. C. Jones and, in 1969, the company named him manager…