Decibel Credit Union v. Pueblo Bank & Trust Co.
996 P.2d 784 (2000)
Nature of the Case
To access this section all you need to do is click here and register.
Facts
A thief stole blank checks from a P customer. The thief forged the signature of the customer on checks totaling $2,350. Each of the checks was cashed at D where the thief had a bank account. The thief's checking account nor his ready reserve account ever had sufficient funds to cover the checks that were being cashed. D processed all the checks and P timely paid them. Eventually, the customer received his bank statement and immediately notified P. P demanded reimbursement from D. P sued D for breach of both presentment and transfer warranties. Both P and D filed motions for summary judgment. P got the judgment and D appealed.
Support@ bsmsphd.com
Casebriefs Co