Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond

Exercise 9

Jerman bought several cashier's checks, payable to named payees, from a bank. The checks were cashed with forged indorsements, and Jerman lost her money. She sued the bank that issued and paid the checks. Is the bank liable? (Jerman v. Bank of America National Trust Savings Assn., 87 Cal. Rptr. 88)