DAVIS AIRCRAFT PRODS. CO., INC. v. BANKERS TRUST CO.


36 A.D.2d 705 (1971)

Davis Aircraft Products Co., Inc., Respondent-Appellant, v. Bankers Trust Company, Appellant-Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

March 11, 1971


Plaintiff's predecessor maintained a checking account with defendant bank which required two signatures on checks drawn on that account. Its comptroller, over a period of several years, signed those checks, as he was authorized to do, and forged the signature of another officer. Plaintiff, claiming that it did not discover the forgeries until September, 1967, has asserted two causes of action, the first of which seeks to recover the proceeds of checks drawn between February...

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