Aetna Casualty & Surety Co. v. Traders National Bank & Trust Co.

WASSERSTROM, Judge.

Plaintiff Aetna Casualty and Surety Company, the named drawee of a settlement draft on which an endorsement of one of the payees was forged, sues defendant Traders National Bank and Trust Company on the theory that Traders, as a collecting bank, warranted good title to the instrument. Judgment went in favor of Aetna in the amount of the draft plus interest, and Traders appeals.

The facts are not in dispute. Marie Porter was injured in an automobile accident on August 18, 1966. After securing a settlement offer of $1,120 from Aetna through her own efforts, she employed…