misapplies them to his own use.” Id. 522 A.2d at 507. Similarly, in Willey v. Mayer, 876 P.2d 1260 (1994), the Supreme Court of Colorado concluded: “An otherwise authorized signature on a negotiable instrument is not converted into an unauthorized forgery when an agent, authorized to sign negotiable instruments in his principal’s name, abuses that authority by negotiating the instrument to a holder in due course for the agent’s own personal benefit. The question of whether the agent was authorized to pledge an instrument as security for a personal loan is separate from the question of whether the agent was authorized to sign his principal’s name to the instrument in the first instance.” Id. at 1265. See also Rohrbacher v. BancOhio Nat. Bank, 171 A.D.2d 533, 567 N.Y.S.2d 431, 433 (1991) (<HOLDING>); Bank South, N.A. v. Midstates Group, 185
holding that an employer cannot be held liable under the ada if it had no knowledge of the employees alleged disability holding that an agent as a stranger to an insurance contract cannot be held to breach an implied covenant of fair dealing holding that an agents conversion of the proceeds of a check cannot be held to retroactively render an otherwise valid indorsement a forgery holding that the principal is liable for an agents acts committed within the scope of the agents employment holding that no judgment can be rendered against defendant who cannot be held liable