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  5. 583 S.W.2d 18 (1979)
 

MBPXL CORP. v. FIRST NAT. BANK, ETC.

No. 79-13.

583 S.W.2d 18 (1979)

MBPXL CORPORATION, Appellant, v. FIRST NATIONAL BANK OF SILOAM SPRINGS et al., Appellees.

Supreme Court of Arkansas, In Banc.

June 25, 1979.

Attorney(s) appearing for the Case

Richard D. Ries, Fort Smith, for appellant.

Jones, Gilbreath & Jones, Fort Smith, for appellees.

PURTLE, Justice.

On April 5, 1975, appellant issued its check payable to Donald L. Nelsen in the amount of $27,939.22. On April 11, 1975, G. A. Boucher endorsed Nelsen's name, after executing an affidavit that he was authorized to endorse the check, with appellee bank and deposited the proceeds in an account owned by Nelsen and Boucher. May 28, 1975, Nelsen notified appellee that Boucher was not authorized to endorse his name on the check. In order to try to settle...

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