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Dewy,Cheatum, and Howe are partners in the law firm of the same name. Cheatumwrote nine checks on the firm's checking account payable to the Bank
Dewy,Cheatum, and Howe are partners in the law firm of the same name. Cheatumwrote nine checks on the firm's checking account payable to the Bank of Trust. The law firm was not a customer of the bank but Cheatumwas. He deposited these checks into his personalaccount atthe Bank and spent the money. The law firm sued the Bank to get its money back. Was the Bank liable to the law firm?Was it a holder in due course of the checks?
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