Travelers Indemnity Co. v. Center Bank

This is an action based upon the alleged negligence of the appellee bank in failing to know or ascertain the identity and authority of its depositor establishing an account with it under a corporate name. In response to the appellant’s first amended petition, the appellee filed a demurrer. The trial court sustained the demurrer and dismissed appellant’s petition. Appellant thereafter appealed to this court. We affirm.

Appellant alleged in its first amended petition that it was the assignee of the Nebraska Consolidated Mills Company (Nebraska Consolidated). The petition alleged that in June of…