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M & K CORP. v. FARMERS STATE BANK

No. 43A03-8601-CV-17.

496 N.E.2d 111 (1986)

M & K CORPORATION, Appellant (Plaintiff below), v. FARMERS STATE BANK and Lake City Bank, Appellee (Defendants below).

Court of Appeals of Indiana, Third District.

Rehearing Denied September 9, 1986.

Attorney(s) appearing for the Case

James C. Brainard, Indianapolis, Jeffrey T. Ferriell, Ohio Northern University College of Law, Ada, Ohio, for appellant.

Richard K. Helm and Jay A. Rigdon, Rockhill, Pinnick, Pequignot, Helm & Landis, Warsaw, for Farmers State Bank.

Thomas F. Lewis, Jr., and Mark J. Phillipoff, South Bend, Ind., for Lake City Bank.

STATION, Presiding Judge.

In the period from July 28, 1981 to February 8, 1982, certain employees of M & K Corporation (MK), who were authorized by MK to sign checks, took advantage of their position and fraudulently endorsed forty-five (45) checks. These checks totaled $14,553.19, and were made out to real and imagined people. They were cashed by the Farmers State Bank and honored by the Lake City Bank, where MK maintained its account. MK seeks to recover the...

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