Tim stole from Wes a check payable to the order of Wes.Tim forged Wes's signature and presented the check for payment at American Bank,which honored the check.If Wes sues American Bank for the amount of the check,under what theory,if any,can Wes recover the funds from the Bank?

Question

Quizplus · Accepted Answer

If a bank pays a check that contains a forged indorsement,the bank has converted the check by wrongfully paying it.The bank then becomes liable for the face amount of the check to the person whose indorsement was forged.

Tim Stole from Wes a Check Payable to the Order