Village Leasing, Inc. v. Society National Bank

On January 18,1980, plaintiff-appellee, Village Leasing, Inc. (Village), filed an action in the Cuyahoga County Court of Common Pleas against the defendant-appellant, Society National Bank. Village, a customer of Society, sought to recover amounts debited to its account as a result of Society’s acceptance and payment on five checks forged by one of Village’s employees and drawn on Village’s account over a period of one year. 1 In January 1980, Village discovered the forgeries and then reported them to Society by submitting an affidavit with a demand that Society recredit Village’s account for…