Railroad issued a check to Parris which, somehow, came to be in Eddys possession. Eddy indorsed the

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Railroad issued a check to Parris which, somehow, came to be in Eddy’s possession. Eddy indorsed the check “Railroad Eddy” and deposited it in his own account at Bank. Parris sued Bank, alleging that it was liable to him for having paid the check over an unauthorized indorsement. Is Bank liable to Parris? On what theory?
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Legal Environment

ISBN: 978-1133587491

5th edition

Authors: Jeffrey F. Beatty, Susan S. Samuelson

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