JAMS Technologies, Inc., owed

$77,000 to Easy Luck Company in Miami, Florida. To pay the debt, JAMS presented a check drawn on the account of Lanco Manufacturing Corporation in Banco Bilbao Vizcaya Argentaria (BBVA). Easy Luck deposited the check in its account at SunTrust Bank, and BBVA paid the amount. The next day, Lanco notified its bank, BBVA, that the check to Easy Luck was a forgery. Thus, BBVA credited Lanco’s account the

$77,000 and filed a suit in a Florida state court against Easy Luck to recover the amount. Until Easy Luck was served with BBVA’s complaint, it had not known that the check was forged.

Is Easy Luck legally required to refund the $77,000 to BBVA?

Should Easy Luck repay the funds on ethical grounds? Discuss.