West Philadelphia Bank v. Green

It is an undoubted fact that the bank paid out the money of the defendant in error on forged checks. The fact that the latter has obtained some collateral security to re-imburse him for the acts of the forger is no reason why a recovery may not be had against the bank. Nothing has been realized out of that alleged security. It is therefore no defense to this action. The facts are not sufficient to constitute an estoppel.

Judgment affirmed.