Sturgill gave his significant other the authority to write checks that were draw
ID: 1099434 • Letter: S
Question
Sturgill gave his significant other the authority to write checks that were drawn on his personal checking account. After Sturgill passed away, she continued to write checks that were drawn on his account. The executor of Sturgill's estate objected to this practice and brought a lawsuit against the bank for continuing to honor the checks. The executor argued that the death of Sturgill automatically terminated the agency, and the bank, therefore, had no right to continue to cash the checks. Who is correct here? If the bank is found liable to the estate, does it have a cause of action against the agent? Explain.
Explanation / Answer
In this situation the executor of Sturgill's estate is correct.
Yes if bank is found liable to state then action will be taken against the agent as all the law suggest that agent is liable to withdraw check from Sturgill account only before his death and withdrawing money after his death without any permission from bank makes him guilty.!!