LIPSITT, J., April 10, 1972.
In this proceeding, the poser is whether or not a collecting bank which cashes a check bearing a forged endorsement and collects the proceeds from a drawee bank is liable to both the drawee bank and the drawer of the check for the amount thereof. The case was instituted by the Commonwealth of Pennsylvania to recover the sum of $21,138.07 with appropriate interest. The complaint sets forth that defendant, National Bank & Trust Company...
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