California Mill Supply Corp. v. Bank of America National Trust & Savings Ass'n

36 Cal.2d 334 (1950)

CALIFORNIA MILL SUPPLY CORPORATION (a Corporation), Appellant,

v.

BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION (a National Banking Association), Respondent.

L. A. No. 21055.

Supreme Court of California. In Bank.

Nov. 9, 1950.

E. Briggs Howorth for Appellant.

Samuel B. Stewart, Jr., Hugo A. Steinmeyer, G. L. Berrey and George L. Beckwith for Respondent.

Morrison, Hohfeld, Foerster, Schuman & Clark as Amici Curiae on behalf of Respondent.

SPENCE, J.

Plaintiff is the drawer of a series of checks which it had issued upon the fraudulent representations of one of its employees.…