business law, estate suit?
darkprisonangel asked:
Several weeks after a depositor’s death, Chase Manhattan Bank paid 12 checks on the deceased depositor’s account. The depositor’s signature on the checks had been forged. The estate sued Chase, and Chase sued the estate’s attorneys.
The estate’s attorneys advised Chase of the depositor’s death. Three weeks before Chase paid any of the forged checks, the attorney’s gave Chase a copy of the death certificate and a court order to examine his deposit box.
Of the parties mentioned, is anyone liable?
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Liable for what. You must state charges in order to accuse. crazyc
whoever was the last endorser on the checks when executed, is liable for the amount, unless signed “BY:” which removes liability from the last endorser. bob