Schoenfelder v. Arizona Bank

GERBER, Judge.

The Arizona Bank (Bank) appeals from the entry of partial summary judgment for G.P. Schoenfelder which ordered the Bank to recredit the checking account of Apex Development Corporation (Apex) for four checks paid over Schoenfelder’s forged signature. Because we hold that Schoenfelder does not have standing as a customer of the Bank under A.R.S. §§ 47-4104(A)(5) and 47-4401, we need not address other issues raised by the Bank on appeal.

FACTS

In April 1986, G.P. Schoenfelder, as seller, and Apex Development Corporation, as buyer, were nearing the close of escrow on a four-acre…