Have Legal Questions? Ask a Lawyer Now.
Hello and thank you for contacting Just Answer. I am an expert here and I look forward to assisting you today. If at any point any of my answers aren’t clear please don’t hesitate to ask for clarification.
I'm having a little problem following the sequence of events here.
When he received a check from the sale of the stock did he deposit it in the bank or just cash it?
Also, was it a joint tenancy account where each of you could sign on the account or are both signatures required.
THE CHECKS WERE DEPOSITED IN THE CHECKING ACCOUNT.THE CHECKING ACCOUNT IS A JOINT ACCOUNT AND DOES NOT REQUIRE BOTH SIGNATURES.I SPOKE WITH THE BANK AND THEY SAY ONE SIGNATURE IS SUFFICIENT IF THE CHECK IS DEPOSITED,BUT IF MY NAME WAS FORGED THEN IT IS A SERIOUS MATTER AND THEY WOULD START AN INVESTIGATION.WE ARE TALKING $375,000 IN STOCK CHECKS.I DO NOT WANT TO PUT ANY ONE IN JAIL,BUT HAD THE CHECKS BEEN PRESENTED TO ME I WOULD NOT HAVE SIGNED THEM.
ARE YOU REPLYING TO THE FOLLOW UP QUESTION?