LAY, Circuit Judge.
This is a diversity suit brought by Massey-Ferguson, Inc. against Fargo National Bank to recover proceeds of checks made payable to Massey-Ferguson, Inc. and either cashed at the Fargo National Bank or deposited to a personal account in said bank by the latter's district manager by unauthorized endorsements. One T. A. Geering, Massey-Ferguson's district manager, converted these funds over a period of time extending from December 11, 1961 until...
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