MEMORANDUM
JOSEPH H. YOUNG, District Judge.
On March 30, 1981, the plaintiff, Gateway Leasing, Inc. (Gateway), drew a check on its account with Union Trust Company of Maryland (Union) for $32,000 payable to the order of American Southwest Leasing. Later, one Mark Chipwood, allegedly acting for American Southwest Leasing — whether authorized or unauthorized is in dispute — endorsed the check to American Southwest Financial Corporation, which...
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