Triplett attempted to arrange a $2,850,000 loan through Meyer Rabin and his Consumers Investment Company (CIC). CIC
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Rabin presented the check to Fair Park National Bank for immediate credit to CIC’s account. Not knowing that Rabin had forged Wyche’s signature, the bank complied, and Rabin subsequently depleted CIC’s account. The loan was never closed, and the $14,250 was never returned to Tubin. Is Fair Park National Bank liable to Tubin? Discuss.
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Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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