Al Week 6 Case Study

Al Week 6 Case Study - Plaintiff:LehighPresbytery

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Plaintiff:  Lehigh Presbytery Defendant:  Merchants Bancorp Inc. History of the Case:   Lehigh Presbytery sued Merchants Bancorp. The trial court ruled  in favor of the bank and Lehigh Presbytery appealed. Facts:  Mary Ann Hunsberger was hired by the Lehigh Presbytery as a  secretary/bookkeeper. In this capacity, she was responsible for opening the  Presbytery's mail, affixing a rubber-stamp indorsement to checks received by the  Presbytery, and depositing the checks into the Presbytery's account at Merchants  Bancorp, Inc. Over a five year period, Hunsberger deposited into her own account 153  of these checks. Each check was indorsed: "For Deposit Only To the Credit of  Presbytery of Lehigh, Ernest Hutcheson, Treas." The bank credited the checks to  Hunsberger's account, despite the rubber stamp restrictive indorsement, because it  relied solely on the account number handwritten on the deposit slips submitted by 
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Al Week 6 Case Study - Plaintiff:LehighPresbytery

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