Stocktons housekeeper stole some of his checks, forged his name as drawer, and cashed them at Gristedes
Question:
Stockton’s housekeeper stole some of his checks, forged his name as drawer, and cashed them at Gristedes Supermarket, where Stockton maintained check cashing privileges. The checks were presented to Stockton’s bank and honored by it. Over the course of 18 months, the scheme netted the housekeeper in excess of $147,000 on approximately 285 forged checks. Stockton brought suit against Gristedes Supermarket for conversion, seeking to recover the value of the checks it had accepted and for which it had obtained payment from the drawee bank. Was Gristedes Supermarket liable to Stockton for conversion for accepting and obtaining payment of the stolen and forged checks?
Step by Step Answer:
Law for Business
ISBN: 978-1259722325
13th edition
Authors: A. James Barnes, Terry M. Dworkin, Eric L. Richards