R. Mars, the Contract Co. v. Massunutten Bank of Strasburg, Strasburg, Virginia

BOREMAN, Circuit Judge.

This action was instituted by R. Mars, The Contract Company, hereafter called “Company,” the payee of certain checks, against Massanutten Bank of Strasburg, hereafter called “Bank,” to recover the proceeds of those checks which were accepted by the Bank for deposit and credited to the individual account of one Spiggle, an employee of the Company, upon Spiggle’s forged endorsement. A trial was had without a jury before the United States District Court for the Western District of Virginia which held that negligence arising from the alleged lax business conduct of the…