First Pennsylvania Banking & Trust Co. v. Montgomery County Bank & Trust Co.

Forrest, P. J.,

Plaintiff, drawee of certain cheeks, having paid the checks upon presentment by a collecting bank, brought this action against the collecting bank on its warranty that the signatures of the payees on the endorsements are genuine: Uniform Commercial Code of April 6, 1953, P. L. 3, sec. 4-207(2) (a). Plaintiff alleged that the payees’ endorsements were forged, which was not denied by defendant.

Defendant answered plaintiff’s complaint, alleging in new matter that the person who signed on behalf of the maker of the check intended the payee to have no interest in the instrument and…