Court Opinion

ID: 9760466
Source: CourtListenerOpinion
Date Created: 2023-08-29 00:56:03.07881+00
Date Added: 2024-06-11T07:29:11.821328
License: Public Domain

GRAVES, Justice,
dissenting.
Respectfully, I dissent for the same reasons given by Judge Wilhoit in his Court of Appeals opinion.
A deposit slip is not an “item” as contemplated in KRS 355.4-406(4). A deposit slip is no more than a receipt evidencing that the bank has received a sum of money. Under KRS 355.4-406 the depositor’s only duty is to examine for unauthorized signatures and alteration of items and so notify the bank. The alteration in this case was not made on the operative deposit slip but on a bogus duplicate deposit slip.