COMMERCIAL INS. CO. OF NEWARK v. FIRST SEC. BANK

No. 9891.

15 Utah 2d 193 (1964)

389 P.2d 742

COMMERCIAL INSURANCE COMPANY OF NEWARK, NEW JERSEY, A CORPORATION, PLAINTIFF AND APPELLANT, v. FIRST SECURITY BANK OF UTAH, NATIONAL ASSOCIATION, A CORPORATION, DEFENDANT AND RESPONDENT.

Supreme Court of Utah.

March 6, 1964.


Attorney(s) appearing for the Case

Hanson & Baldwin, H. Wayne Wadsworth, Salt Lake City, for plaintiff and appellant.

Ray, Quinney & Nebeker, Don B. Allen, Salt Lake City, for defendant and respondent.


CALLISTER, Justice.

Plaintiff insurance company brought this suit against defendant bank for the amount of a draft which had been accepted by the latter and which bore a forged endorsement of one of the payees. From an adverse judgment, plaintiff brings this appeal.

The material facts are not in dispute. It appears that one Alburn Holder, doing business as "200" Motors, was the owner of a certain 1957 Chevrolet automobile, which was financed by City Finance...

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