Can a drawee recover damages if he accepts a bill of exchange containing a forged signature of the drawer?

In Price v. Neal, a drawee paid a first bill of exchange bearing a forged signature of the drawer. He then accepted a second, also bearing a forged signature of the drawer. After that acceptance, the bearer discounted the second bill, which the drawee eventually paid. A considerable amount of time elapsed before the drawee found out that the signatures on both bills were forged. Lord Mansfield held that the drawee was not entitled to recover in such a case.