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CARTWOOD CONST. CO. INC. v. WACHOVIA BANK & TRUST CO., N.A.

No. 8621SC616.

352 S.E.2d 241 (1987)

CARTWOOD CONSTRUCTION COMPANY, INC. v. WACHOVIA BANK & TRUST COMPANY, N.A., Northwestern Bank, First Financial Savings & Loan Association, Inc. and WACHOVIA BANK & TRUST COMPANY, N.A. v. Virgil Reid PATTERSON, d/b/a the Patterson Company.

Court of Appeals of North Carolina.

February 3, 1987.

Attorney(s) appearing for the Case

Nifong, Ferguson & Sinal by Paul A. Sinal (Deborah L. Parker, Winston-Salem, of counsel), for plaintiff-appellant.

Williams Kearns Davis and Stephen M. Russell (Bell, Davis & Pitt, P.A., Winston-Salem, of counsel), for Wachovia Bank & Trust Co.

W.R. Loftis, Jr. and Penni Pearson Bradshaw (Petree Stockton & Robinson, Winston-Salem, of counsel), for Northwestern Bank.

William G. McNairy, John H. Small, Jim W. Phillips, Jr. (Brooks, Pierce, McLendon, Humphrey & Leonard, Greensboro, of counsel), for First Financial Sav. and Loan Assn.

BECTON, Judge.

This is an action by plaintiff, Cartwood Construction Company (Cartwood), to recover the proceeds of several checks that were deposited with defendant Wachovia Bank and Trust Company (Wachovia) and paid by defendant Northwestern Bank (Northwestern). Cartwood alleged that the proceeds from the checks were paid on forged endorsements and that Wachovia and Northwestern are liable for conversion. Additionally, Cartwood sued the maker of the checks, First...

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