Would a bank be liable to a customer who indorsed a check For deposit only into account

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Would a bank be liable to a customer who indorsed a check “For deposit only into account #071698570” if that check were deposited into the wrong account? What if the customer’s indorsement was “For deposit only”? Would any account qualify? Would any bank qualify? [Qatar v First American Bank of Virginia, 885 F Supp 849 (ED Va)]


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Andersons Business Law and the Legal Environment

ISBN: 978-0324786668

21st Edition

Authors: David p. twomey, Marianne moody Jennings

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