Legal Opinion
Citizens Fidelity Bank & Trust Co. v. Liberty Nat. Bank & Trust Co.
Court of Appeals of Kentucky
Decided May 1, 1953PublishedCited by 5 opinions
1Opinion of the Court
COMBS, Justice.
The question is which of two banks, the drawer or the payer,' should bear the loss of a cashier’s check in the amount of $550 paid on the forged indorsement of the payee ?
Mary S. Barnes made application to the Liberty National Bank & Trust Company for a loan, executing and delivering to the bank at that time her note secured by a chattel mortgage on an automobile. The bank, on the same day, approved the loan .and drew its cashier’s check in the amount of $550, payable to Mrs. Barnes. In some unexplained manner the cashier’s check came into the hands of Hugh L. Barnes, the…
2Cases cited7 opinions
- Farmers National Bank v. Farmers & Traders BankCourt of Appeals of Kentucky · 1914
- First National Bank v. Farmers & Merchants BankNebraska Supreme Court · 1898
- Roland v. MurrayCourt of Appeals of Kentucky (pre-1976) · 1951
- Morton v. SandersCourt of Appeals of Kentucky · 1918
- Security Sav. Bank of Covington v. First National Bank of Michigan CityCourt of Appeals for the Sixth Circuit · 1939
2 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- First National Bank of Yukon v. Liberty National Bank & Trust Co. of Oklahoma CitySupreme Court of Oklahoma · 1964
- First National Bank of Mineola v. Farmers & Merchants State Bank of AthensCourt of Appeals of Texas · 1967
- First National Bank of Mineola v. Farmers & Merchants State Bank of AthensCourt of Appeals of Texas · 1967
- Turfway Park Racing Ass'n v. GriffinKentucky Supreme Court · 1992
- Turfway Park Racing Ass'n v. GriffinKentucky Supreme Court · 1992