First Federal Savings & Loan Ass'n of Sioux Falls v. Union Bank & Trust

(on reassignment).

Plaintiff appeals from the judgment entered denying its claim for recovery against defendant. We affirm.

The facts of the case are not in dispute on the salient issues. Briefly stated, one Mary Apland while in the employ of plaintiff as a teller had authority to make checks payable to customers and others in the ordinary course of her employer’s business. She and the other tellers were authorized to use a check-imprinting machine for this purpose that bore the facsimile signature of one of plaintiff’s vice-presidents, Frank Everett. The usual occasions for the issuance of…