Rye signs corporate checks for Suchin Corporation. Rye writes a check payable to U-All Company, to which

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Rye signs corporate checks for Suchin Corporation. Rye writes a check payable to U-All Company, to which Suchin owes no money. Rye signs the check, forges U-All’s indorsement, and cashes the check at Viceroy Bank, the drawee. Does Suchin have any recourse against the bank for the payment? Why or why not?

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Business Law Today The Essentials

ISBN: 978-0324786156

9th Edition

Authors: Roger LeRoy Miller, Gaylord A. Jentz

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