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GATEWAY LEASING, INC. v. AMERICAN BANK

Civ. No. Y-83-1235.

577 F.Supp. 908 (1984)

GATEWAY LEASING, INC. v. The AMERICAN BANK, et al.

United States District Court, D. Maryland.

January 12, 1984.

Attorney(s) appearing for the Case

Rhonda I. Framm, Baltimore, Md., for plaintiff.

Mitchell Stevan, and Morton H. Perry, Baltimore, Md., for defendants.

MEMORANDUM

JOSEPH H. YOUNG, District Judge.

On March 30, 1981, the plaintiff, Gateway Leasing, Inc. (Gateway), drew a check on its account with Union Trust Company of Maryland (Union) for $32,000 payable to the order of American Southwest Leasing. Later, one Mark Chipwood, allegedly acting for American Southwest Leasing — whether authorized or unauthorized is in dispute — endorsed the check to American Southwest Financial Corporation, which...

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