Husker News Co. v. Mahaska State Bank
Supreme Court of Iowa
1Opinion of the Court
NEUMAN, Justice.
The question on this appeal is whether the trial court erred as a matter of law when it refused to apply the “discovery rule” to a conversion action based on a forged endorsement under section 554.3419 of the Iowa Uniform Commercial Code. Finding no error, we affirm.
I. Plaintiff Husker News Company is a wholesale distributor of magazines and paperback books. One of its employees, Walter Hopf, collected payments from customers, forged Husker’s endorsement on the checks, and deposited the funds in his personal account. Because the checks were routed to the various banks upon…
2Cases cited20 opinions
- Chrischilles v. GriswoldSupreme Court of Iowa · 1967
- Kuwait Airways Corporation v. American Security Bank, N.A. And First American Bank, N.A.Court of Appeals for the First Circuit · 1990
- Farm Bureau Mutual Insurance Co. v. MilneSupreme Court of Iowa · 1988
- Fuscellaro v. Industrial National CorporationSupreme Court of Rhode Island · 1977
- Orr v. Lewis Central School DistrictSupreme Court of Iowa · 1980
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- Smith v. Franklin Custodian Funds, Inc.Mississippi Supreme Court · 1998
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