Cameron v. Security First National Bank

Plaintiffs Jack C. Cameron and Barbara D. Cameron, who were the payees of a cheek for $9,832.43, wrote the words “For Deposit Only” on the back of the check and signed their names thereunder. Vivienne D. Sherwood, who was Mr. Cameron’s bookkeeper, took the check to defendant bank and presented it for deposit in the account of Amber Construction Company, a company in which Mr. Cameron had been an officer and director, and the bank accepted the check for deposit in that account. About seven months thereafter, plaintiffs claimed that the check should not have been deposited in said account, and…